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June 30, 2014
07:04 EDTAA, ATIAllegheny Tech has positive read through from deal, says Stifel
After Alcoa (AA) agreed to buy Allegheny Technologies (ATI) peer Firth Rixson, Stifel thinks the deal indicates that the market is undervaluing Allegheny Technologies. The firm believes that the aerospace market is heating up, and it raised its price target on Allegheny to $50 from $45. Stifel keeps a Buy rating on the stock.
News For ATI;AA From The Last 14 Days
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May 28, 2015
16:21 EDTATIAllegheny Technologies to shut down facility due to defective component
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14:44 EDTAAAlcoa, Century Aluminum shares lower after JPMorgan lowers price targets
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09:42 EDTAACentury Aluminum, Alcoa price targets lowered at JPMorgan
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09:34 EDTAAActive equity options trading on open
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May 27, 2015
12:26 EDTAAAluminum prices decline on excess supply, Bloomberg says
Aluminum prices have been under pressure as prices for the metal fell 9.4% in May in the largest monthly drop since October 2012, says Bloomberg. According to the Bloomberg report aluminum producers in China have been encouraged by cheap coal to operate their furnaces and may expand exports. Companies in the aluminum space include Alcoa (AA) and Century Aluminum (CENX). Reference Link
May 15, 2015
14:33 EDTATIAllegheny Technologies files automatic mixed securities shelf
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