Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Atmus Filtration (ATMU) to $40 from $45 and keeps an Equal Weight rating on the shares. The firm thinks initial 2025 guidance in the space will drive negative revisions in consensus estimates. Recent dollar strength is a large driver of the headwind, Wells adds, noting that it believes currency pressure is largely appreciated, so initial guidance ranges below consensus shouldn’t come as a big surprise.
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Read More on ATMU:
- Atmus Filtration participates in a conference call with Northland
- Atmus Filtration price target raised to $50 from $49 at Northland
- Atmus Filtration price target raised to $48 from $42 at Baird
- Wells Fargo downgrades Atmus Filtration on first-fit headwinds
- Atmus Filtration downgraded to Equal Weight from Overweight at Wells Fargo
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