KeyBanc upgraded ATI (ATI) to Overweight from Sector Weight with a $55 price target The firm says value is reemerging in the shares following a severe selloff since early February. ATI’s earnings guidance framework will contain enough puts and takes to sponsor maintaining its existing range of $2.80-$3.00 per share, the analyst tells investors in a research note. KeyBanc believes ATI has positioned itself for a greater uptick in defense business for 2024-2025, including new contracts and applications.
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