Wells Fargo Downgrades Atmus Filtration Technologies (ATMU) to Equal Weight

Wells Fargo analyst Joseph O'Dea downgraded Atmus Filtration Technologies (NYSE: ATMU) from Overweight to Equal Weight with a price target of $45.00 (from $42.00).

The analyst comments "First-Fit headwinds getting tougher: We believe FF volumes were down MSD/HSD in 3Q and we have that deteriorating to down mid-teens in 4Q and staying tough in 1H25. By the end of next year we expect a volume recovery to start, but for the year, it means FF volume down ~7% in our model. We estimate continued volume growth in Aftermarket assuming a better market despite tougher comps after moving past easier destock comps. Our '25 rev est is +2.5% y/y vs cons +3.1%."

For an analyst ratings summary and ratings history on Atmus Filtration Technologies click here. For more ratings news on Atmus Filtration Technologies click here.

Shares of Atmus Filtration Technologies closed at $44.27 yesterday.

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