Baird raised the firm’s price target on Atmus Filtration (ATMU) to $48 from $42 and keeps an Outperform rating on the shares. The firm said the company again bested 3Q forecasts. The 4Q outlook matched expectations, which Baird views as a good outcome given both its Aftermarket and First Fit markets are in synchronized downturn, atypical versus history, masked somewhat by the company outpacing its Aftermarket end markets.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATMU:
- Wells Fargo downgrades Atmus Filtration on first-fit headwinds
- Atmus Filtration downgraded to Equal Weight from Overweight at Wells Fargo
- Analyzing the Risks and Implications of Atmus Filtration’s Open-Ended Stock Repurchase Program
- Atmus Filtration Technologies: Solid Q3 2024 Performance
- Atmus Filtration reports Q3 adjusted EPS 61c, consensus 49c