Atkore price target lowered to $78 from $80 at Roth Capital

Roth Capital analyst Justin Clare lowered the firm’s price target on Atkore (ATKR) to $78 from $80 and keeps a Buy rating on the shares after its Q2 results. The firm is reducing its estimates modestly given the downward trend in margins that is implied by guidance for Q3 and Q4, but that said, volumes so far appear more resilient to the tariff environment than Roth had anticipated, and Atkore appears well-positioned to benefit from tariffs that are affecting steel conduit and to a lesser extent PVC imports, the analyst tells investors in a research note.