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Fly News Breaks for November 25, 2019
Nov 25, 2019 | 08:39 EDT
RBC Capital analyst Deane Dray raised his price target on Atkore to $46 and kept his Outperform rating after its strong Q4 results, noting that the quarter saw a volume ramp as renewable energy projects in its Mechanical Products and Solutions segment "came through" while its Electrical Raceway business benefited from "easy comps". The analyst maintains that Atkore is a "well-run building products story" and contends that its FY20 guidance was "conservatively set".
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