- JPMorgan analyst Seth Seifman raised the price target on Allegheny Technologies Inc ATI to $26 (an upside of 15.7%) from $23 and reiterated an Overweight rating on the shares post the Q4 results.
- Seifman mentions Allegheny's operational results surprised to the upside, with HPMC margins exceeding pre-COVID levels.
- Related: Allegheny Stock Surges As Q4 Results Top Street View; Plans $150M Buyback
- The analyst says the company continues its exit from its lower margin stainless business while the pension liability shrinks, supporting out-year free cash flow.
- Price Action: ATI shares traded higher by 0.04% at $22.47 during the premarket session on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
