Allegheny Technologies (ATI) Gets a Buy Rating from Cowen & Co.


Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Allegheny Technologies (ATI) today and set a price target of $35. The company’s shares closed yesterday at $27.29.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.6% and a 69.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Harris.

Allegheny Technologies has an analyst consensus of Strong Buy, with a price target consensus of $35, implying a 28.3% upside from current levels. In a report issued on February 4, KeyBanc also maintained a Buy rating on the stock with a $35 price target.

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Allegheny Technologies’ market cap is currently $3.43B and has a P/E ratio of 17.15. The company has a Price to Book ratio of 1.73.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Allegheny Technologies, Inc. engages in the manufacture of specialty materials and components for different industries which include aerospace and defense, oil and gas, chemical process, and electrical energy. It operates through the High Performance Materials and Components (HPMC) and Flat Rolled Products (FRP) segments.

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