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Fly News Breaks for April 3, 2018
ATI
Apr 3, 2018 | 08:12 EDT
KeyBanc analyst Philip Gibbs reiterates an Overweight rating and $31 price target on Allegheny Technologies and views recent weakness as a compelling entry point for long-term GARP investors. The analyst understands recent investor concerns around global trade momentum, but sees concerns as manageable given the company's moat in the commercial aero engine supply chain and conservative initial assumptions around the ultimate profit potential of the Flat Rolled joint venture with Tsingshan.
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