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Research Alert: CFRA Lowers View On Shares Of Ati Inc. To Buy From Strong Buy

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our $179 12-month target is based on an EV/EBITDA of 19.0x applied to our 2027 EBITDA estimate, above ATI's trailing-12-month average forward EV/EBITDA of 17.4x but below peers' average forward EV/EBITDA of 27.2x. We raise our 2026 EPS by $0.03 to $4.46 and 2027's by $0.11 to $5.51. We lower our rating to Buy from Strong Buy based on elevated earnings multiples, not deteriorating fundamentals. ATI is executing well on its strategy to prioritize high-value aerospace, defense, and specialty energy markets. ATI raised full-year 2026 guidance with adjusted EBITDA now expected at $1.01B-$1.06B (up $35M at midpoint), representing 20% Y/Y growth. Record backlog of $4.1B and extending lead times (1+ years for nickel alloys, nearly 2 years for premium titanium) provide strong visibility. Management expects consolidated EBITDA margins above 20% with 40% incremental margins driven by favorable mix and long-term contract pricing. ATI's differentiated position in capacity-constrained markets supports our positive view.

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Aya Gold & Silver Lists Its Shares on the Nasdaq Exchange

Aya Gold & Silver's (AYA.TO, AYA) on Monday said its shares are now trading on Nasdaq under the ticker symbol "AYA".With the start of trading on Nasdaq, the company's shares are no longer traded on the OTCQX market.The company's shares will continue to trade on the Toronto Stock Exchange under the symbol "AYA", it added."Access to the U.S. capital markets through Nasdaq is an exciting milestone for Aya as we close a record year and advance our growth strategy, supported by our attractive precious metals portfolio," said chief executive Benoit La Salle. "This listing is expected to increase the visibility of our shares and expand our shareholder base as we continue executing on our development plans."The company's shares were last seen down $1.31 to $23.75 on the Toronto Stock Exchange.Price: $23.73, Change: $-1.33, Percent Change: -5.31%

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Australia

Sector Update: Consumer

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each falling about 1%.In corporate news, GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. GameStop fell past 7%, and eBay jumped 5.4%.

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Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Vici Properties Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our target by $1 to $34, based on a P/FFO of 11.8x our 2026 estimate, in line with VICI's three-year average multiple (11.8x). We increase our 2026 FFO forecast by $0.06 to $2.89 and 2027's by $0.03 to $2.96. VICI has maintained strong investment momentum in the past two quarters, announcing over $1B new capital commitments in consecutive quarters for the first time. The One Beverly Hills project loan, now totaling $1.5B, provides exposure to an ultra-high-end consumer market in the non-gaming space. Management has now hedged the majority of interest rate risk through 2027 as it works to de-risk the balance sheet. After a down year in Las Vegas in 2025, our expectations are for stronger travel this year. We also note there are now two significant long-term growth drivers, with the A's new stadium opening in Las Vegas in 2028 and the potential for an NBA expansion team in 2029-2030 looking more favorable, per NBA commissioner Adam Silver.

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