Loop Capital Maintains Buy on Atkore, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Atkore (NYSE:ATKR) but has lowered the price target from $160 to $130.
September 20, 2024 | 1:18 pm
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Loop Capital has maintained a Buy rating on Atkore but reduced the price target from $160 to $130, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Atkore's potential, but the lowered price target indicates a more cautious outlook on its future performance. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100