Atkore price target raised to $70 from $65 at RBC Capital

RBC Capital raised the firm’s price target on Atkore (ATKR) to $70 from $65 and keeps a Sector Perform rating on the shares. The company posted in-line Q2 operating results following its positive preannouncement, also having provided more specifics on margin upside on volume leverage, productivity gains, and sequentially improving steel conduit prices, the analyst tells investors in a research note.