B. Riley downgraded Atkore (ATKR) to Neutral from Buy with a price target of $84, down from $135. The company’s Q1 and fiscal 2025 guidance was well below expectations on a broader deterioration in pricing, the analyst tells investors in a research note. Riley’s greatest concern is the uncertainty in new capacity entering the market and the unknown risk to pricing. Broader concerns remain, such as Atkore’s pricing across steel product lines due to import competition and pricing pressures that may not abate until tariffs are in place, contends Riley.
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