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

Deutsche Bank Downgrades Allegheny Technologies (ATI) to Hold

October 21, 2015 6:50 AM EDT

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

October 20, 2015 12:50 PM EDT

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.

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Allegheny Technologies (ATI) Tops Q3 EPS by 10c

October 20, 2015 7:33 AM EDT

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

Trading Radar for 10/20:Verizon (VZ), BNY (BK), Travelers (TRV), Chipotle (CMG), Yahoo! (YHOO), VMware (VMW) Report

October 19, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Housing Starts - Street sees 1.150MBuilding Permits - Street sees 1.170M

Earnings:

Allegheny Technologies (NYSE: ATI) - consensus loss $0.39
Astec Industries (Nasdaq: ASTE) - consensus EPS $0.27
Badger Meter (NYSE: BMI) - consensus EPS $0.63
Bank of New York (NYSE: BK) - consensus EPS $0.71
Brinker International (NYSE:... More