Brokerage Firm Rating Update on Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated (ATI) : 3 brokerage houses believe that Allegheny Technologies Incorporated (ATI) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Allegheny Technologies Incorporated (ATI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Allegheny Technologies Incorporated (ATI) : The highest level Allegheny Technologies Incorporated (ATI) is projected to reach is $21 for the short term and the lowest estimate is at $15. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $19 and the possibility the share price can swing is $2.71.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Deutsche Bank upgrades its rating on Allegheny Technologies Incorporated (NYSE:ATI). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 29, 2016.

Allegheny Technologies Incorporated (NYSE:ATI): stock was range-bound between the intraday low of $17.74 and the intraday high of $18.065 after having opened at $17.95 on Wednesdays session. The stock finally closed in the red at $17.95, a loss of -0.22%. The stock remained in the red for the whole trading day. The total traded volume was 2,460,511 shares. The stock failed to cross $18.065 in Wednesdays trading. The stocks closing price on Thursday was $18.04.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.

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