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 itsearnings calllast 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.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
