JPMorgan analyst Tami Zakaria upgraded Atmus Filtration (ATMU) to Overweight from Neutral with a price target of $60, up from $53, after the company announced the proposed acquisition of Koch Filter, a pure-play air filter manufacturer. The firm believes diversification of Atmus’ portfolio will offer a “valuation unlock.” The company now has a better EBITDA margin profile with room for further improvement from efficiency and mix, the analyst tells investors in a research note.
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