JPMorgan raised the firm’s price target on ATI (ATI) to $92 from $75 and keeps an Overweight rating on the shares. The firm notes its little change to estimates despite the 18% selloff post earnings. ATI’s et engine sales remain robust and while the airframe ramp is delayed, build rates will increase and the company now has greater visibility on the titanium ramp that should be ahead to supply Boeing and Airbus, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATI: