Atkore downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Jeffrey Hammond downgraded Atkore (ATKR) to Sector Weight from Overweight without a price target The firm views the company’s fiscal 2026 outlook as “disappointing.” Atkore’s steel conduit tariff benefits are less meaningful than initially perceived while aluminum is adding pressure, the analyst tells investors in a research note. KeyBanc thinks the stock’s long-term risk/reward is now more balanced as upside to estimates is likely to be held back by limited steel conduit pricing power.