Allegheny Technologies Incorporated (ATI) : Analyst Rating Update

Allegheny Technologies Incorporated (ATI) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Allegheny Technologies Incorporated (ATI) : The highest level Allegheny Technologies Incorporated (ATI) is projected to reach is $20 for the short term and the lowest estimate is at $10. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $15.6 and the possibility the share price can swing is $4.39.

Allegheny Technologies Incorporated (NYSE:ATI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.43 and $12.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.71, notching a gain of 0.16% for the day. The total traded volume was 2,448,781 . The stock had closed at $12.69 on the previous day.

Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on Allegheny Technologies Incorporated (NYSE:ATI). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on May 23, 2016. The company shares have dropped -54.39% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $28.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.80 and the 200 Day Moving Average price is recorded at $13.16.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.

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