Goldman Sachs downgraded Atmus Filtration (ATMU) to Neutral from Buy with an unchanged price target of $39. The firm cites valuation for the downgrade with the stock now trading at the price target Goldman remains positive on the company’s opportunity to drive end market outgrowth and deploy capital to drive its industrial filtration business. However, the valuation re-rating expected has played out, the analyst tells investors in a research note.
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