ATI Downgrade: Analyst Cautious As Near-Term Catalysts 'Have Quickly Played Out'
1. ATI downgraded from Overweight to Sector Weight by KeyBanc's Philip Gibbs. 2. Aerospace and defense sales reached $754 million, 66% of total sales. 3. 2025 EPS estimate raised to $3.07 amid strong aerospace demand. 4. Concerns about Russia eased with a $1 billion deal with Airbus. 5. Limited pressure expected from soft demand in China due to trade tensions.