Loop Capital analyst Rick Paterson downgrades $Air Transport Services (ATSG.US)$ to a hold rating, and adjusts the target price from $22 to $22.5.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 6.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Air Transport Services (ATSG.US)$'s main analysts recently are as follows:
The adjustment in the outlook for Air Transport Services follows the company's announcement of an acquisition agreement at $22.50 per share. It's observed that there could be potential interest from other bidders, considering the slight 3% premium over book value.
Following the announcement of Air Transport Services' agreement to be acquired in an all-cash deal, the potential for the company's valuation growth and the advantages of transitioning to a private entity are acknowledged. Despite this, the likelihood of an alternative acquirer emerging during the go-shop period is considered modest.
Note:
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