Northland initiated coverage of Atmus Filtration (ATMU) with a Market Perform rating and $26 price target. The company completed a split off last May from its former parent company Cummins (CMI), which allows Atmus to proactively pursue growth. While the firm likes Atmus’ growth prospects, the looming share exchange Cummins plans to execute to exit its remaining 80.5% stake keeps the firm on the sidelines, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ATMU: