Loop Capital analyst Chris Dankert maintains $Atkore (ATKR.US)$ with a buy rating, and adjusts the target price from $130 to $115.
According to TipRanks data, the analyst has a success rate of 72.3% and a total average return of 17.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Atkore (ATKR.US)$'s main analysts recently are as follows:
The worsened challenges for Atkore encompassed the emergence of a new competitor in the PVC conduit market, increased import pressures affecting both PVC and steel conduits, as well as persistent start-up inefficiencies at Hobart. Additionally, expectations for price normalization are now being extended to FY26, though the market's response to the recent earnings suggests a potential formation of a bottoming process.
The company appears to have adopted a more cautious approach when providing its official FY25 EBITDA guidance. The midpoint of this guidance suggests that profitability may remain slightly below pre-pandemic levels, considering the normalization of PVC pricing and heightened competitive pressures in both steel and PVC conduit sectors.
Note:
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