Bank of America analyst Andrew Obin has revised his price target for Atmus Filtration (ticker: ATMU), dropping it from $49 to $42. Despite this adjustment, the analyst maintains a Buy rating on the stock.
BofA's analysis anticipates that companies within the Industrials and Multi-Industry sectors may either meet or exceed expectations for their Q1 earnings. However, the firm has decided to lower its forecasts due to looming uncertainties and the impact of ongoing tariffs. This decision comes even after the recent suspension on reciprocal tariffs announced for a 90-day period starting April 9.
