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BUZZ-Atmus rises after JP Morgan ups to 'overweight'

Reuters
Nov 26
BUZZ-Atmus rises after JP Morgan ups to 'overweight'

** Shares of filtration solutions provider Atmus Filtration Technologies ATMU.N gain 2% to $48.99 premarket

** J.P.Morgan upgrades to "overweight" from "neutral", raises PT to $60 from $53

** Brokerage says the acquisition of Koch Filter Corporation announced earlier this week will diversify Atmus' portfolio, unlocking value

** Sees profit accretion potential in the first year; says Koch's and ATMU's combined growth expected to elevate core revenue over time

** The transaction is expected to close in the first quarter of 2026

** Out of 5 analysts, four rate the stock "strong buy" or "buy" and ​one analyst rates "hold" - data compiled by LSEG

** Up to last close, shares up 22.6%​ YTD

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))

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