ATI - Commercial Aerospace And Defense Drive ATI's Growth Amidst Market Fluctuations

2024-04-01 05:57:16 ET

Summary

• ATI Inc. expects a flat first half of 2024 followed by a strong recovery in the second half, with momentum continuing into 2025 and 2026.
• The company operates in the high-performance materials and solutions sector, primarily serving the aerospace and defense markets.
• ATI has competitive advantages in research and development capabilities, strong financial performance, and market leadership, positioning it for long-term success.

Thesis

High-performance materials producer ATI Inc. ( ATI ) expects the first half of this year to be relatively flat and then stage a strong recovery in the second half. The momentum is expected to continue in 2025 and 2026.

As a result, EPS and the share price are expected to be weak in the short term, but pick up later, driving up EPS and the share price. I expect the share price to rise by mid-single digits over the next 12 months. Further, I believe it is a good candidate for investors with a mid to long-term outlook.

About ATI

This growth company describes itself as, "a global producer of high performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy."...

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