Baird analyst Robert Mason raised the firm’s price target on Atmus Filtration to $26 from $24 and keeps an Outperform rating on the shares. The firm said a strong 1H as a public company led to a solid 2Q beat. Initial CY23 guide conveys some demand and pricing moderation, channel de-stocking, all of which was previously captured in models as its outlook matched consensus.
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Read More on ATMU:
- Atmus Filtration sees FY23 adjusted EPS $2.05-$2.25, consensus $1.87
- Atmus Filtration reports Q2 adjusted EPS 63c, consensus 48c
- Three new option listings and two option delistings on August 4th
- Atmus Filtration initiated with an Overweight at Wells Fargo
- Baird starts Atmus Filtration with Outperform, sees company undervalued
