Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on ATI (ATI – Research Report). The associated price target was raised to $75.00.
Gautam Khanna has given his Buy rating due to a combination of factors that highlight ATI’s strong market position and growth potential. The company has demonstrated robust demand for its engine alloys and forgings, particularly in the aerospace sector, with increased guidance for jet engine sales and a significant contract with Airbus. This contract is expected to substantially boost ATI’s sales in the coming years.
Additionally, ATI is taking strategic steps to mitigate potential cost impacts from tariffs and is anticipating a recovery in Boeing’s titanium demand in the latter half of the year. The company’s guidance for steady EBITDA growth and improved margins further supports the positive outlook. The transition to the A&D GICS code is also expected to enhance ATI’s valuation. These factors collectively underpin Khanna’s optimistic assessment and the increased price target of $75.
According to TipRanks, Khanna is a top 25 analyst with an average return of 14.9% and a 70.08% success rate. Khanna covers the Industrials sector, focusing on stocks such as ATI, Hexcel, and Honeywell International.
In another report released on April 23, KeyBanc also upgraded the stock to a Buy with a $55.00 price target.