ATI Third Quarter 2015 Results In Line With Prior Guidance

Cowen Cuts Price Target Following Allegheny Technologies (ATI) 3Q Results

Cowen maintained a Market Perform rating on Allegheny Technologies (NYSE: ATI), and cut the price target to $18.00 (from $23.00), following the company's 3Q15 earnings report. GAAP EPS of negative $0.29 was in line with the pre-announced range.

Analyst Gautam Khanna commented, "Q3's results and... More

Deutsche Bank Downgrades Allegheny Technologies (ATI) to Hold

Deutsche Bank downgraded Allegheny Technologies (NYSE: ATI) from Buy to Hold with a price target of $15.00 (from $20.00). The change follows its Q3 miss.

Analyst Jorge Beristain said, "We update our model to include Allegheny Technologies' significant 3Q15 results miss and guidance push. The company... More

BofA/Merrill Lynch Downgrades Allegheny Technologies (ATI) to Underperform

BofA/Merrill Lynch earlier downgraded Allegheny Technologies (NYSE: ATI) from Neutral to Underperform with a price target of $15.00 (from $20.00).

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

Shares of Allegheny Technologies closed at $16.98 yesterday.

Allegheny Technologies (ATI) Tops Q3 EPS by 10c

Allegheny Technologies (NYSE: ATI) reported Q3 EPS of ($0.29), $0.10 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $833 million versus the consensus estimate of $949.49 million.

Strategy and Outlook

Our operating results reflect the very difficult, yet different, economic realities of our two business segments, said Rich Harshman, Chairman, President and CEO. At this point we see no significant improvement in our major end markets until 2016.

We remain confident that our High Performance Materials and Components segment operating performance will... More