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

KeyBanc raised the firm’s price target on Atkore (ATKR) to $80 from $70 and keeps an Overweight rating on the shares. Following the company’s Q2 earnings, the firm walked away with further confirmation of its view that tariffs are a net positive for Atkore, supporting better pricing from relaxing import-related pricing pressure in Metal/PVC conduit. As such, while the outlook does not yet embed meaningfully improved import dynamics, KeyBanc sees upside to the outlook should the current tariff structure remain in place, which supports an incrementally positive risk/reward moving forward.