Atkore price target raised to $80 from $70 at Citi

Citi analyst Andrew Kaplowitz raised the firm’s price target on Atkore (ATKR) to $80 from $70 and keeps a Neutral rating on the shares. While the company remains a “show-me” story, the target price was raised to reflect a higher likelihood of earnings stabilization and expected improved performance over time, the analyst tells investors in a research note. In meetings with management, the firm says Atkore sounded “cautiously constructive” on delivering its fiscal 2025 guidance despite still mixed end market trends and ongoing pricing normalization.