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Fly News Breaks for August 12, 2019
ATI
Aug 12, 2019 | 07:54 EDT
Cowen analyst Gautam Khanna believes the selloff in Allegheny Technologies shares since its Q2 results, appears excessive. The analyst noted the company has missed estimates and guided lower three straight times. He believes a Max 737 return to service is likely and given the company's outsized LEAP engine share, he believes the stocks discount is severe. Khanna maintained his Outperform rating and $32 price target on Allegheny Technologies shares.
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