RBC Capital raised the firm’s price target on Atkore (ATKR) to $102 from $93 and keeps a Sector Perform rating on the shares. The firm hosted investor meetings with the company management, and the messaging was consistent with its earnings call last month, the analyst tells investors in a research note. Against Atkore’s “decidedly mixed” Q4 results, RBC remains confident in the company’s business model, strong free cash flow and balance sheet, and also views its management team as being good operators, RBC added.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATKR:
- Atkore International Reports Strong FY 2024 Growth
- Atkore price target lowered to $93 from $99 at RBC Capital
- Atkore price target lowered to $115 from $130 at Loop Capital
- Atkore downgraded to Neutral from Buy at B. Riley
- Navigating Complex Risks: Atkore International’s Challenge in Global Mega Projects