ATI price target raised to $80 from $56 at Benchmark

Benchmark raised the firm’s price target on ATI (ATI) to $80 from $56 and keeps a Buy rating on the shares. Significant strength in MRO aftermarket demand, titanium brownfield efforts ramping up, and a wide range of demand from defense applications will offset the near-term impact of Boeing (BA) adjustments to 737 deliveries, the analyst tells investors in an earnings preview note.