Bank of America Corp DE acquired 1,767,047 shares of ATI Inc. This purchase represents a 1.30% stake in the specialty materials manufacturer. The transaction is valued at approximately $348.3 million.
Analyst sentiment remains bullish as several firms recently raised their price targets. ATI surpassed consensus estimates in the latest quarter with earnings of $1.23 per share. Revenue reached $1.26 billion, marking a 10.6% year-over-year increase.
The company expects third-quarter earnings to range between $1.310 and $1.370 per share. ATI set its full-year 2026 guidance at $4.900 to $5.180 per share.