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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