JPMorgan Upgrades This Specialty Metals Company - Read Why

  • JPMorgan analyst Seth Seifman upgraded Allegheny Technologies Inc ATI to Overweight from Neutral and lowered the price target to $23, from $25, representing an upside of 32%.
  • In the near term, Allegheny should see profitable High Performance Materials & Components segment growth on its narrow-body engine exposure, Seifman notes.
  • The analyst says that if end markets "cooperate" and Allegheny executes well in 2022 and 2023, he could envision a $30 stock. 
  • Seifman views the stock's risk/reward as "compelling" at current share levels.
  • Price Action: ATI shares traded higher by 2.28% at $17.49 on the last check Friday.
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ATIATI Inc
$83.881.48%

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Momentum
92.25
Growth
92.98
Quality
Not Available
Value
53.30
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