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Fly News Breaks for June 25, 2018
CRS, ATI
Jun 25, 2018 | 08:17 EDT
As previously reported, Longbow analyst Chris Olin downgraded Allegheny Technologies (ATI) to Neutral from Buy, telling investors that feedback from aero suppliers and other specialty material checks lead him to believe his 2018 estimates could be more likely to move lower than higher. Given his limited conviction in EPS beats over the next two quarters, Olin cut his rating on Allegheny and also downgraded Carpenter Technology (CRS) to Neutral from Buy, citing the same rationale.
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