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Fly News Breaks for April 7, 2016
AYI
Apr 7, 2016 | 07:55 EDT
Oppenheimer analyst Christopher Glynn raised his price target for Acuity Brands to $295 from $245 on valuation. The company's core volume growth of 17%, and supply chain and other productivity management, supported margin and strong earnings per share upside, the analyst tells investors in a research note. Glynn sees "meaningful" improvement in incremental margin potential over time, as tiered solutions around data and connectivity applications grow. The analyst reiterates an Outperform rating on the shares.
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