JPMorgan downgraded Atmus Filtration (ATMU) to Neutral from Overweight with a price target of $46, up from $44. The firm cites valuation for the downgrade following the stock’s recent rally. JPMorgan sees no near term catalysts for a further re-rating of the shares amid “weak” freight and truck end markets and the lack of clarity on the timing of the ongoing Section 232 investigation for commercial vehicles.
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