Baird analyst Robert Mason raised the firm’s price target on Atmus Filtration (ATMU) to $29 from $28 and keeps an Outperform rating on the shares. The firm said they posted a solid finish to the year and while Cummins (CMI) share distribution will remove an overhang, shares offer future multiple expansion opportunity with crisp strategy/operational execution.
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Read More on ATMU:
- Atmus Board Reshuffle Post-Cummins Share Exchange
- Largest borrow rate increases among liquid names
- Atmus Filtration initiated with a Market Perform at Northland
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