ATI price target raised to $90 from $80 at BTIG

BTIG analyst Andre Madrid raised the firm’s price target on ATI (ATI) to $90 from $80 and keeps a Buy rating on the shares after its Q1 earnings beat. The firm notes that jet engines remains the fastest growing component of Aerospace & Defense, A&D, growing 35% y/y in the quarter, adding that jet engines are expected to grow 15%-20% in 2025. BTIG states that ATI is an A&D stock and deserves an “A&D multiple”.