-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將ATI的12個月目標價從154美元上調至179美元，基於2027年EBITDA預期，其EV/EBITDA倍數為19.0倍，高於ATI過去12個月的平均預期EV/EBITDA倍數16.9倍，但低於同業的平均預期倍數26.8ITDA。我們將2026年每股收益預期上調0.08美元至4.43美元，並將2027年每股收益預期上調0.28美元至5.40美元。我們認為ATI將繼續受益於強勁的航空航太和國防需求，該領域佔2025年第四季銷售額的68%，這得益於波音和空中巴士的積壓訂單以及長期供應協議。管理層對2026年調整後EBITDA的預期中位數為10億美元，這意味著年增16%。隨著維護業務恢復正常，以及航空航太業務佔比提升至20%以上的利潤率，預計2026年下半年獲利能力將有所改善。我們認為，ATI擴大的鈦產能、營運槓桿以及客戶對專有鎳合金的投資，使其能夠很好地掌握2027年之前航空航太產業的成長機會。我們維持「強烈買入」評等。
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