Goldman Sachs Downgrades Allegheny Technologies (ATI) to Neutral; Cuts PT/Est.
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Price: $183.50 -3.24%
Rating Summary:
18 Buy, 4 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 3 | Down: 9 | New: 41
Rating Summary:
18 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 9 | New: 41
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Goldman Sachs downgraded Allegheny Technologies (NYSE: ATI) from Buy to Neutral with a price target of $30.00 (from $35.00).
The firm cited lower stainless steel sales volume and margins and somewhat slower titanium demand growth.
The firm cut FY13 EPS estimates from $2.00 to $1.50 and FY14 from $3.00 to $2.50.
For an analyst ratings summary and ratings history on Allegheny Technologies click here. For more ratings news on Allegheny Technologies click here.
Shares of Allegheny Technologies closed at $30.85 yesterday.
The firm cited lower stainless steel sales volume and margins and somewhat slower titanium demand growth.
The firm cut FY13 EPS estimates from $2.00 to $1.50 and FY14 from $3.00 to $2.50.
For an analyst ratings summary and ratings history on Allegheny Technologies click here. For more ratings news on Allegheny Technologies click here.
Shares of Allegheny Technologies closed at $30.85 yesterday.
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