KeyBanc raised the firm’s price target on Universal Stainless & Alloy to $30 from $26 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.
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Read More on USAP:
- USAP Upcoming Earnings Report: What to Expect?
- Universal Stainless & Alloy reports Q4 EPS 27c vs. (41c) last year
- Universal Stainless to Webcast Fourth Quarter and Full Year 2023 Results Conference Call on March 28th
- Universal Stainless & Alloy price target raised to $26 from $22 at KeyBanc
- Universal Stainless & Alloy management to meet virtually with KeyBanc
