ATI price target raised to $58 from $56 at KeyBanc

KeyBanc raised the firm’s price target on ATI to $58 from $56 and keeps an Overweight rating on the shares. The firm’s survey work gave KeyBanc increased confidence/visibility surrounding prolonged tightness within A&D end markets, primarily A&D aftermarket. The firm recently attended the 2024 MRO Americas conference, which further supported its survey work and estimate changes.