|Over a week ago|
Atotech assumed with an Outperform at Credit Suisse » 06:0003/2903/29/21
Credit Suisse analyst…
Credit Suisse analyst John Pitzer assumed coverage of Atotech with an Outperform rating and $24 price target. The analyst made no changes to the rating or price target.
Atotech appoints Sarah Spray as global head of IR, communications » 09:1803/2503/25/21
Atotech (ATC) announced…
Atotech (ATC) announced that Sarah Spray will join the company on April 15, 2021 as Global Head of Investor Relations & Communications. Based in New York, U.S.A., she will report to the CFO Peter Frauenknecht. In her role, Ms. Spray will oversee Atotech's global investor relations and corporate communications activities. Leading the company's investor relations program, she will support the shareholder base and ensure we effectively communicate with the investment community. Prior to joining Atotech, Spray was Vice President, Head of Investor Relations at CoStar Group (CSGP). Spray succeeds Paul Goldberg, who has decided to leave the company to pursue other opportunities.
Atotech celebrates inauguration of Development Center in India » 07:4703/1803/18/21
Atotech formally celebrated the inauguration of the Atotech Development Center in Manesar, India. Although the facility has been fully operational since late 2020, the pandemic delayed the official inauguration of the ADC. The ADC is an R&D facility and the largest TechCenter of its kind in India, encompassing 20,000 square meters of floor space, containing 17 fully automated plating lines and 39 high-end laboratories outfitted with equipment. The ADC serves as a global hub for Atotech's development, testing and qualification of products in the surface-finishing industry.
|Over a month ago|
Atotech says production site in Yangzhou, China now fully operational » 09:4503/0903/09/21
Atotech announced that…
Atotech announced that its recently completed production site in Yangzhou, China, is now "fully operational." The facility is Atotech's second chemistry plant in China. The facility houses 14 production vessels with a production capacity of 27,000 tons per year and is equipped with modern production features such as a Manufacturing Execution System and Auto-Stop-Filling mechanisms, the company said. Geoff Wild, CEO at Atotech, said: "The Yangzhou chemical plant is a major milestone in expanding our business in Asia. It will be an important supply hub for our customers in East China and will further strengthen our overall competitiveness in our largest geographic market, China, and beyond." Atotech operates 17 production sites around the globe - 8 in Asia, 5 in Europe, and 4 in the Americas, the company added.
Atotech initiated with an Equal Weight at Barclays » 08:5703/0803/08/21
Barclays analyst Duffy…
Barclays analyst Duffy Fischer initiated coverage of Atotech with an Equal Weight rating and $23 price target. Electronics is the company's best business, Fischer tells investors in a research note.
Atotech initiated with a Buy at Citi » 06:3403/0203/02/21
Citi analyst P.J. Juvekar…
Citi analyst P.J. Juvekar initiated coverage of Atotech with a Buy rating and $23.50 price target. The company has the highest exposure to electronics end markets including smartphones, 5G and internet of things accounting for over two-thirds of EBITDA, Juvekar tells investors in a research note. He believes Atotech has a "competitive moat."
Fly Intel: Top five analyst initiations » 09:5303/0103/01/21
ATC, SNSE, SAM, ALKS, EYPT
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Atotech (ATC) initiated with a Buy at Deutsche Bank, Jefferies and BofA, initiated with an Overweight at JPMorgan, initiated with an Outperform at Credit Suisse, RBC Capital and BMO Capital. 2. Sensei Biotherapeutics (SNSE) initiated with an Overweight at Piper Sandler, a Buy at Citi and an Outperform at Oppenheimer. 3. Boston Beer (SAM) initiated with an Overweight at Morgan Stanley. 4. Alkermes (ALKS) assumed with a Hold at Jefferies. 5. EyePoint (EYPT) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Atotech initiated with a Buy at Deutsche Bank » 08:2703/0103/01/21
Deutsche Bank analyst…
Deutsche Bank analyst David Begleiter initiated coverage of Atotech with a Buy rating and $24 price target. The analyst sees ability for the company to drive above market growth and views the current valuation as attractive. Atotech is the only major electroplating company that provides chemistry, equipment, services and software, Begleiter tells investors in a research note.
Atotech initiated with a Buy at Jefferies » 07:4403/0103/01/21
Jefferies analyst Laurence Alexander initiated coverage of Atotech with a Buy rating and $26 price target. The company is the market leader in plating chemicals for decorative finishes and functional surfaces in electronics and general metal applications, noted Alexander, who sees an attractive opportunity given his view that Atotech "combines double-digit growth prospects with relative undervaluation."
Atotech initiated with an Overweight at JPMorgan » 07:4003/0103/01/21
JPMorgan analyst Jeffrey…
JPMorgan analyst Jeffrey Zekauskas initiated coverage of Atotech with an Overweight rating and $23 price target. Atotech has the largest global market share in electroplating materials and chemicals for the electronics industry and in the general metals finishing markets, Zekauskas tells investors in a research note. The analyst calls Atotech a "profitable growth company." He thinks Atotech should generate "sharp increases" in EBITDA in 2021.