Bull case
Atkore is well-positioned in the non-residential construction market with top three market positions in the majority of its product categories. It has a strong portfolio of brands and a global manufacturing and distribution network, allowing it to consistently deliver quality and value to customers. Recent price increases in its steel conduit products, along with a decrease in competition, indicate positive pricing trends for the company. The recent settlement of antitrust litigation and successful completion of portfolio pruning initiatives are also positive developments for the company. Finally, Atkore is committed to sustainability, with established targets and a materiality assessment in place. These factors, along with potential upside drivers such as a recovery in construction activity and margin benefits, lead to a positive outlook for Atkore's stock.