Is ATI (ATI) Fully Priced After Its Guidance Lift And Record Backlog?

ATI (ATI) lifted full year earnings and free cash flow guidance after strong aerospace and defense demand contributed to a record backlog, thicker margins, and higher visibility under long term supply agreements. ATI’s recent guidance lift comes after a sharp run in total shareholder return, with the stock posting a very large 5 year gain and a 128.65% 1 year total shareholder return, even as the 30 day share price return is down 9.26% and short term momentum has cooled slightly, compared...