JPMorgan lowered the firm’s price target on Atmus Filtration (ATMU) to $70 from $73 and keeps an Overweight rating on the shares. After meeting with management, the firm believes both first-fit and aftermarket in the company’s Power Solutions segment are at trough levels and should see improvement in the second half of 2026 due to pre-buy and improved freight market fundamentals. JPMorgan cites the broader market pullback and valuation contraction for the target cut.
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