tiprankstipranks
Atkore price target lowered to $93 from $99 at RBC Capital
The Fly

Atkore price target lowered to $93 from $99 at RBC Capital

RBC Capital analyst Deane Dray lowered the firm’s price target on Atkore (ATKR) to $93 from $99 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. Worsened negatives for the company included a new PVC conduit competitor, further import pressures in both PVC and steel conduit, and the ongoing startup inefficiencies at Hobart, the analyst tells investors in a research note. RBC adds that price normalization might also now be pushed out to FY26, though the post-earnings stock reaction suggests “some glimmer of hope” that a bottoming might be forming.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App