Atkore price target raised to $186 from $178 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Atkore to $186 from $178 and keeps an Outperform rating on the shares after its Q3 earnings beat and guidance raise. Total sales were slightly below estimates, but the price decline was better than expected and destocking was a non-event, the analyst tells investors in a research note.