Top25-SA-Banner

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 $28.20.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.2% and a 69.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegheny Technologies with a $32.33 average price target, representing a 14.6% upside. In a report issued on November 6, Longbow Research also upgraded the stock to Buy with a $34 price target.

.

See today’s analyst top recommended stocks >>

Allegheny Technologies’ market cap is currently $3.55B and has a P/E ratio of 21.74. The company has a Price to Book ratio of 1.79.

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.