Deutsche Bank Downgrades Allegheny Technologies (ATI) to Hold
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Cowen Cuts Price Target Following Allegheny Technologies (ATI) 3Q Results
October 21, 2015 9:50 AM EDTCowen 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
Allegheny Technologies (ATI) Tops Q3 EPS by 10c
October 20, 2015 7:33 AM EDTAllegheny 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
