ATI - Why ATI Stock Is Down Today
2024-06-14 11:26:53 ET
Specialty materials company ATI (NYSE: ATI) has been flying high this year, with the shares up more than 40% since Feb. 1.
At least one Wall Street analyst believes that momentum is likely to stall from here. Shares of ATI were down about 10% as of 10:45 a.m. ET Friday after the stock was downgraded to neutral.
ATI, formerly known as Allegheny Technologies, is a maker of high-performance materials and advanced metal alloys used in aerospace and industrial applications. The company's materials are a key part of the effort to drive fuel efficiency in aerospace and with heavy equipment, offering the strength and durability of steel without the weight.
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Why ATI Stock Is Down Today