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Fly News Breaks for May 29, 2018
ATI
May 29, 2018 | 21:09 EDT
As reported earlier, Goldman Sachs analyst Matthew Korn upgraded Allegheny Technologies to Neutral from Sell and raised his price target to $29 from $26. The analyst cites the company's "consistency" of growing within a technologically challenging market as well as its fair valuation, while adding that there is some upside to his forecasts based on its operational strength. Korn further notes that the stronger than expected Q1 marked the 8th straight quarter that featured at least 130bps of EBITDA margin expansion.
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