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Fly News Breaks for April 4, 2016
AYI
Apr 4, 2016 | 08:00 EDT
Canaccord said their long-term stance on Acuity Brands remains bullish heading into Q2 results. The firm recognizes elevated risks to margins and a mix shift due to the Juno integration, but said the secular growth story remains intact. Canaccord reiterated its Buy rating but lowered its price target to $247 from $265 on Acuity Brands shares.
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