ATI stock rating upgraded to Overweight by KeyBanc on aerospace growth

Published 13/11/2025, 10:40
ATI stock rating upgraded to Overweight by KeyBanc on aerospace growth

Investing.com - ATI Inc. (NYSE:ATI) received an upgrade from KeyBanc on Thursday, with the firm raising its rating from Sector Weight to Overweight and establishing a price target of $120.00. This target represents a 21% upside from the current price of $99.08, with ATI shares already delivering an impressive 80% return year-to-date.

KeyBanc cited ATI’s second-half 2025 core EBITDA margin performance, which is already tracking within the company’s 2027 targeted range despite significant aerospace and defense sales growth still to come. The company’s EBITDA stands at $772.7 million for the last twelve months, contributing to its "GOOD" overall financial health score according to InvestingPro analysis.

The investment firm raised its 2026 earnings per share estimate by more than 10%, based on ATI’s strong outlook for 10-15% aerospace and defense sales growth in the coming year.

KeyBanc noted that ATI indicated its projected 35-40% EBITDA incremental margins for 2026 could be conservative, given expected pricing improvements, product mix, and content-share gains in the aerospace sector.

The analyst also highlighted ATI’s exotic materials portfolio, which includes hafnium, zirconium, and niobium, as a potential advantage should demand from the nuclear industry accelerate.

In other recent news, ATI Inc reported strong financial results for the third quarter of 2025. The company posted earnings per share of $0.85, exceeding analyst expectations of $0.73 by 16.44%. Revenue for the quarter reached $1.13 billion, slightly surpassing projections. These results highlight a robust performance for the period. Additionally, analysts from various firms have taken note of ATI’s financial outcomes, with some suggesting potential upgrades in their assessments. The positive earnings report has drawn attention from investors and analysts alike, indicating a strong market position for ATI Inc. These developments reflect the company’s current financial health and market reception.

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