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ATI

Allegheny Technologies

$25.91

-0.325 (-1.24%)

, ANDV

Andeavor

$0.00

(0.00%)

08:05
04/04/19
04/04
08:05
04/04/19
08:05

ATI names Timothy Harris chief digital and information officer

Allegheny Technologies Incorporated (ATI) announced that effective May 6, 2019, Timothy Harris will join ATI as SVP, chief digital and information officer. This newly created role will extend ATI's position as an innovative leader producing advanced specialty materials and components by accelerating our digitization and automation strategy. Harris will lead ATI's information and operations technology organization, developing and deploying a technology strategy to support the company's growth in the future. He will report directly to Robert Wetherbee, ATI's president and CEO, and serve on the company's executive council. As chief information officer at Andeavor (ANDV), he enabled a comprehensive digital strategy to automate and optimize Andeavor's business.

ATI

Allegheny Technologies

$25.91

-0.325 (-1.24%)

ANDV

Andeavor

$0.00

(0.00%)

  • 23

    Apr

ATI Allegheny Technologies
$25.91

-0.325 (-1.24%)

11/06/18
11/06/18
UPGRADE
Target $34

Buy
Allegheny Technologies upgraded to Buy following channel checks at Longbow
As previously reported, Longbow analyst Chris Olin upgraded Allegheny Technologies to Buy from Neutral. His checks with several contacts in the specialty materials channel gives Olin renewed confidence that jet engine makers and OEMs are on track to reach their aggressive 2018 production targets and will likely issue "aggressive" delivery guidance for 2019, the analyst told investors in his note issued prior to the market open. He set a $34 price target on Allegheny Technologies shares.
12/06/18
BREN
12/06/18
INITIATION
Target $35
BREN
Buy
Allegheny Technologies initiated with a Buy at Berenberg
Berenberg started Allegheny Technologies with a Buy rating and $35 price target.
02/14/19
MACQ
02/14/19
INITIATION
Target $34
MACQ
Outperform
Allegheny Technologies initiated with an Outperform at Macquarie
Macquarie analyst Xiao Feng started Allegheny Technologies with an Outperform rating and $34 price target. The company is "riding the wave" of aerospace growth while strategic actions in its Flat Rolled Products segment provides additional earnings power, Xiao tells investors in a research note. The analyst believes Allegheny's targets of high-single-digit revenue growth, 150 basis points operating margin improvements in 2019 and $3B in revenue at 20% margins in 2021 are achievable.
02/14/19
02/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Catasys (CATS) initiated with an Outperform at Oppenheimer. 2. Harmonic (HLIT) initiated with a Buy at Needham. 3. Allegheny Technologies (ATI) initiated with an Outperform at Macquarie. 4. ABM (ABM) initiated with a Buy at Maxim. 5. CSG (CSGS) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ANDV Andeavor
$0.00

(0.00%)

08/14/18
RBCM
08/14/18
NO CHANGE
Target $151
RBCM
Sector Perform
Andeavor price target raised to $151 from $137 at RBC Capital
RBC Capital analyst Brad Heffern raised his price target on Andeavor (ANDV) to $151 after its "solid" Q2 earnings beat driven by stronger throughput margin. The analyst also notes that the company's strategic combination with Marathon Petroleum (MPC) remains on track to close on October 1st. Based on the current valuation of that acquisition relative to their previously agreed share exchange ratio, Heffern keeps his Sector Perform rating on Andeavor.
11/06/18
RBCM
11/06/18
NO CHANGE
Target $47
RBCM
Sector Perform
Andeavor Logistics price target lowered to $47 from $51 at RBC Capital
RBC Capital analyst TJ Schultz lowered his price target on Andeavor Logistics (ANDX) to $47 and kept his Sector Perform rating to reflect the continued uncertainty around its combination plans with MPLX (MPLX). The analyst notes that the investment focus on the stock falls around the recent combination of Marathon Petroleum (MPC) and Andeavor (ANDV) and the company's "long-term viability as a standalone". Schultz adds that the potential combination could result in Andeavor Logistics being acquired by or being the acquirer of MPLX.
11/29/18
BOFA
11/29/18
DOWNGRADE
Target $36
BOFA
Neutral
MPLX downgraded to Neutral at BofA/Merrill on likely Andeavor bid
As reported earlier, BofA/Merrill analyst Dennis Coleman downgraded MPLX (MPLX) to Neutral from Buy and lowered his price target to $36 from $43. The analyst notes that following the closure of Marathon Petroleum Corporation's (MPC) acquisition of Andeavor (ANDV), investors now anticipate the combination of the MPLX and Andeavor Logistics LP (ANDX) MLPs. Coleman further states that the former acquiring the latter would be modestly accretive for all unitholders and assumes a 10% premium paid in the combination, adding that the enterprise value to EBITDA multiple of the combined entity warrants only a slightly premium valuation for MPLX relative to its peers. As part of his research note, the analyst also lowers his price target on Andeavor Logistics LP to $35 from $42.
12/06/18
COWN
12/06/18
NO CHANGE
Target $101
COWN
Outperform
Marathon Petroleum price target raised to $101 from $87 at Cowen
Cowen analyst Jason Gabelman raised his price target on Marathon Petroleum to $101 from $87 following its analyst day. He said it implied the company is buying back its full repurchase authorization for year-ending 2020. At the event, the company increased Andeavor (ANDV) synergies and showed its leverage to IMO 2020, Gabelman noted. He said the developments should support long-term valuation while near-term reaction could be a symptom of market dynamics. Gabelman reiterated his Outperform rating on Marathon Petroleum shares.

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NYSE Market Internals

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-0.63 (-0.37%)

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MAS

Masco

$38.51

-1.47 (-3.68%)

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NITE

Nightstar Therapeutics

$25.54

0.01 (0.04%)

, BIIB

Biogen

$230.56

6.24 (2.78%)

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$230.56

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FNB

F.N.B.

$11.99

0.01 (0.08%)

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CRC

California Resources

$22.75

-3.55 (-13.50%)

12:00
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HZO

MarineMax

$16.59

-3.255 (-16.41%)

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CLS

Celestica

$7.19

-1.42 (-16.50%)

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AAN

Aaron's

$58.07

4.745 (8.90%)

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WAB

Wabtec

$71.90

-4.67 (-6.10%)

12:00
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Downside put buy in Wabtec as shares wobble after earnings »

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OIS

Oil States

$20.53

2.11 (11.45%)

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ASPN

Aspen Aerogels

$3.56

0.36 (11.25%)

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NWL

Newell Brands

$13.84

-0.4 (-2.81%)

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GILD

Gilead

$63.57

0.75 (1.19%)

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IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
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Immersion call volume above normal and directionally bullish »

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FB

Facebook

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Tesla

$251.50

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XLNX

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GD

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$178.46

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PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
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ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

11:31
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