JPMorgan sees a rosy outlook ahead for Atmus Filtration Technologies . The bank upgraded the air filtration company to an overweight rating from neutral. Analyst Tami Zakaria lifted her price target to $60 from $53, implying upside of 25%. Zakaria's upgrade comes after Atmus announced the proposed acquisition of Koch Filter, an air filter manufacturer, earlier this week. The deal will cost $450 million in cash, and is expected to close in the first quarter of next year. ATMU YTD mountain ATMU YTD chart "Overall, we are tweaking estimates to reflect updated FX estimates (excluding the pending Koch acquisition) and raising our Dec 26 PT to $60 based on ~18x FY1 PE and ~13x FY1 EV/EBITDA," she said. "This is ~2x below peer DCI's (not covered) current FY1 EV/EBITDA valuation, which should cont

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