Atkore initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Atkore (ATKR) with a Buy rating and $100 price target As a leading supplier of electrical infrastructure products, the company is offering unique customer value through its broad product offering and national manufacturing and distribution network, the analyst tells investors in a research note. The risk/reward on Atkore is “compelling” as the company is well-positioned to benefit from electrification megatrends, and the firm anticipates strong free cash flow generation with continued return of capital to shareholders, Roth MKM added.