ATI initiated with Positive on ‘robust’ end markets at Susquehanna

As previously reported, Susquehanna initiated coverage of ATI with a Positive rating and $75 price target. The company produces high-performance materials and advanced alloys predominately for the aerospace and defense industry, the analyst tells investors in a research note. The firm sees “several channels for growth” at ATI, saying most of its end markets have “robust, visible expansion plans. In addition, the company provides highly differentiated products supported by long-term supply agreements, contends Susquehanna.