Altai Declares Special Cash Distribution to Shareholders

Go back to Altai Declares Special Cash Distribution to Shareholders

Rosenblatt Raises Price Target on Allegheny Technologies (ATI) to $26; Reiterates Buy

April 18, 2016 9:29 AM EDT

Rosenblatt reiterated a Buy rating on Allegheny Technologies (NYSE: ATI), and raised the price target to $26.00 (from $18.00), following recent metal surveys. Rosenblatt lowered 2016 EPS forecasts to ($0.30), down $0.27. This outlook reflects a lower starting point on FRP Segment results in 1Q. However, current and out-year estimates remain... More