TD Cowen raised the firm’s price target on ATI to $55 from $48 and keeps an Outperform rating on the shares. The firm said its investor day a path to higher earnings, cash deployment for buybacks, and eventually, a potential dividend.
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Read More on ATI:
- 3 Best Stocks to Buy Now, 12/1/2023, According to Top Analysts
- 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
- ATI management to meet virtually with Benchmark
