Cowen & Co. Keeps a Buy Rating on Allegheny Technologies (ATI)


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 opened today at $23.57.

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 8.5% and a 58.7% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Allegheny Technologies has an analyst consensus of Strong Buy, with a price target consensus of $32, which is a 35.8% upside from current levels. In a report issued on January 17, KeyBanc also maintained a Buy rating on the stock with a $31 price target.

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The company has a one-year high of $30.25 and a one-year low of $20.84. Currently, Allegheny Technologies has an average volume of 1.51M.

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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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