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ATI initiated with a Buy at BTIG

ATI initiated with a Buy at BTIG

BTIG initiated coverage of ATI with a Buy rating and $70 price target. The firm views ATI as an agnostic beneficiary to the post-COVID commercial aerospace ramp and defense spending upcycle alongside the broader aerospace and defense materials space, the analyst tells investors. Exposure to high demand elements and alloys across emerging end markets should drive sales growth and margin expansion, the analyst tells investors.

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