Allegheny Technologies, Inc. (ATI) Tops Q4 EPS by 2c

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Go back to Allegheny Technologies, Inc. (ATI) Tops Q4 EPS by 2c

Goldman Sachs Downgrades Allegheny Technologies (ATI) to Neutral; Cuts PT/Est.

January 24, 2013 7:40 AM EST

Goldman Sachs downgraded Allegheny Technologies (NYSE: ATI) from Buy to Neutral with a price target of $30.00 (from $35.00).

The firm cited lower stainless steel sales volume and margins and somewhat slower titanium demand growth.

The firm cut FY13 EPS estimates from $2.00 to $1.50... More