Goldman Sachs Keeps Neutral On Allegheny Technologies (ATI)

Goldman Sachs maintains its Neutral rating on Allegheny Technologies (NYSE: ATI) in a research report published today.

Goldman Sachs failed to upgrade Allegheny's rating in spite of raising its 2011 earnings per share forecast to $3.22, following Allegheny's better than expected Q1 results. Goldman left earnings per share estimates for the following year unchanged, however.

Goldman Sachs also maintains its $65 price target on Allegheny, which closed yesterday at $72.74.