ATI price target raised to $92 from $75 at JPMorgan

JPMorgan raised the firm’s price target on ATI (ATI) to $92 from $75 and keeps an Overweight rating on the shares. The firm notes its little change to estimates despite the 18% selloff post earnings. ATI’s et engine sales remain robust and while the airframe ramp is delayed, build rates will increase and the company now has greater visibility on the titanium ramp that should be ahead to supply Boeing and Airbus, the analyst tells investors in a research note.