Atkore price target lowered to $73 from $91 at RBC Capital

RBC Capital lowered the firm’s price target on Atkore (ATKR) to $73 from $91 and keeps a Sector Perform rating on the shares. The company’s Q1 results were mostly in-line, including volume/price, but the stock’s 20% selloff was triggered by the 25% guidance cut to FY25 – its fourth consecutive quarter with a cut to annual guidance, the analyst tells investors in a research note. The worsening pricing pressure from import conduit surges in PVC and Mexican steel dumping were the main culprits, with no immediate resolution in sight, RBC added,