ATI’s shares downgraded on weak market prospects

Oct 02, 2012 | 03:41 PM | Frank Haflich

Tags  ATI, Allegheny Technologies, stainless, titanium, Cowen & Co., Gautam Khanna, Mark Hokanson, Frank Haflich

LOS ANGELES — Allegheny Technologies Inc.’s (ATI’s) common stock has been downgraded by investment firm Cowen & Co. LLC due to "anemic" prospects in some of its major markets.

Cowen analysts Gautam Khanna and Mark Hokanson lowered their rating of ATI’s shares to "neutral" from "outperform," citing the impact of an "anemic" U.S. economic outlook on ATI’s stainless markets and pricing trends in....

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