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Fly News Breaks for March 2, 2018
ATI
Mar 2, 2018 | 05:01 EDT
KeyBanc analyst Philip Gibbs upgraded Allegheny Technologies to Overweight with a $31 price target. The stock's risk/reward is "more intriguing" despite tariff concerns, Gibbs tells investors in a research note. The analyst has "greater comfort" around flat rolled margin improvement potential and notes his 2019 sum-of-the-parts valuation analysis yields an eventual share value of above $35. He notes Allegheny shares have pulled back 15% from the January highs.