Report
Andrew Lane
EUR 100.00 For Business Accounts Only

Cost Headwinds Will Stymie Allegheny's Profit Growth in 2019 but Favorable Long-Term Outlook Intact

Given material cost headwinds facing Allegheny Technologies in the first half of 2019, the company's strong profit growth momentum has been disrupted. However, we still view the company's long-term prospects as highly favorable. Gradually improving build rates for next-generation commercial aircraft will continue to drive an improving product mix and the benefits of operating leverage for Allegheny. Operational challenges in the first half of 2019 will lead to only a pause for the company's prof...
Underlying
Allegheny Technologies Incorporated

Allegheny Technologies is a manufacturer of specialty materials and components. The company operates in two business segments: High Performance Materials and Components, which produces a range of specialty materials, parts and components for several main end markets, including aerospace and defense, medical, and energy; and Flat Rolled Products, which produces nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of forms including plate, sheet, engineered strip, and Precision Rolled Strip? products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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