Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Atmus Filtration (ATMU) to $47 from $42 and keeps an Equal Weight rating on the shares. The firm notes it spent time on the road with Atmus Filtration Technologies CFO Jack Kienzler. The demand environment remains challenging, while Atmus continues to execute on multi-year outgrowth opportunities, Wells adds.
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Read More on ATMU:
- Atmus Filtration downgraded to Neutral from Overweight at JPMorgan
- Atmus Filtration Increases Quarterly Dividend by 10%
- Atmus Filtration raises quarterly dividend 10% to 5.5c per share
- Atmus Filtration Technologies Reports Record Sales Amid Challenges
- Atmus Filtration price target raised to $50 from $41 at Northland
