Citi lowered the firm’s price target on Atkore (ATKR) to $66 from $78 and keeps a Neutral rating on the shares. As part of a Q1 preview for the U.S. electrical equipment and industrial conglomerates, Citi says it believes the Trump Administration’s protectionist platform should “reboot” the group’s secular tailwinds over time. As such, the firm sees “value developing” across the multis. The sector’s Q1 orders and earnings “mostly should be fine,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATKR:
- Atkore price target lowered to $70 from $80 at KeyBanc
- Class Action Filed Against Atkore Inc. (ATKR) – April 23, 2025 Deadline to Join – Contact Levi & Korsinsky LLP
- Atkore announces divestiture of Northwest Polymers recycling business