Why Allegheny Technologies Stock Just Jumped 10%
Shares of aerospace components and specialty metals maker Allegheny Technologies (NYSE: ATI) stock are up 10.4% as of 2:55 p.m. EDT.
Allegheny Technologies -- which despite the name is anything but a tech stock -- reported Q2 earnings this morning. Revenue of $880.2 million exceeded analyst expectations, as did earnings, with Allegheny reporting per-share profits of $0.09 for the quarter -- two cents ahead of the consensus.
Allegheny Technologies' earnings -- shiny! Image source: Getty Images.
Source: Fool.com
Allegheny Technologies Stock
€58.02
1.540%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 65 € shows a slightly positive potential of 12.03% compared to the current price of 58.02 € for Allegheny Technologies.
