KeyBanc analyst Philip Gibbs raised the firm’s price target on ATI to $49 from $48 and keeps an Overweight rating on the shares following this week’s investor day event. KeyBanc continues to believe long-term cyclical growth investors will be attracted to ATI’s leverage to the commercial aero recovery, enhanced by titanium share gains, the analyst says in a research note.
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Read More on ATI:
- 3 Best Stocks to Buy Now, 12/1/2023, According to Top Analysts
- ATI price target raised to $55 from $48 at TD Cowen
- ATI targets 2027 revenue exceeding $5 billion on platform of organic growth
- ATI authorizes new share repurchase of $150M starting in 2024
- ATI sees FY25 revenue $4.5B-$4.6B, FY27 revenue $5.2B-$5.4B
