Analyst Rating Update on Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated (ATI) : Zacks Investment Research ranks Allegheny Technologies Incorporated (ATI) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.43, which indicates as a Buy.

Allegheny Technologies Incorporated (ATI) : The most positive equity analysts on Allegheny Technologies Incorporated (ATI) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $18.2 with an expected fluctuation of $2.95 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Bank of America upgrades its ratings on Allegheny Technologies Incorporated (NYSE:ATI). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on May 23, 2016.


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 $16.96 and $16.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.67, notching a gain of 3.76% for the day. The total traded volume was 4,366,805 . The stock had closed at $17.03 on the previous day.

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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