Atkore Inc. ("Atkore"), today announced the acquisitions of two separate but related Oregon-based companies doing business as Cascade Poly Pipe & Conduit ("Cascade") and Northwest Polymers.
Credit Suisse has decided to maintain its Outperform rating of Atkore (NYSE:ATKR) and raise its price target from $130.00 to $143.00.
Shares of Atkore are trading down 2.8% over the last 24 hours, at $91.00 per share.
A move to $143.00 would account for a 57.15% increase from the current share price.
Atkore International Gr (NYSE:ATKR) reported quarterly earnings of $6.07 per share which beat the analyst consensus estimate of $5.22 by 16.28 percent. This is a 53.28 percent increase over earnings of $3.96 per share
Atkore Inc. (the "Company" or "Atkore") (NYSE:ATKR), today announced that it has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily