An ATI Downgrade Worth Noting: Overbought Stock, Prescient Analyst (ATI)

| About: Allegheny Technologies (ATI)

Matrix downgraded Allegheny Technologies Inc. (NYSE:ATI) on Tuesday from Buy to Hold. Over the last year, Matrix has had the best record of any firm on its ATI calls. ATI is also the most overbought stock on the S&P 500 by our measures, so this downgrade could be especially prescient: