Atkore price target raised to $161 from $146 at B. Riley

B. Riley analyst Alex Rygiel raised the firm’s price target on Atkore to $161 from $146 and keeps a Buy rating on the shares. The company’s fiscal Q1 results that were ahead of expectations on 5.5% volume growth and positive impacts from acquisitions, which mostly offset lower average selling prices and negative forex impact, the analyst tells investors in a research note. The analyst believes the quality of Atkore’s products and its significant market share position the company for continued growth as nonresidential construction, repair, and remodel.