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Fly News Breaks for June 30, 2016
AYI
Jun 30, 2016 | 07:24 EDT
Canaccord raised its price target on Acuity Brands to $305 from $269 to reflect the positive results the company is seeing as it executes its tiered solutions strategy. The firm sees its tiered solutions growing at a rates similar to that of the company's LED sales in the past five years, implying meaningful upside to sales, gross margins, operating margins, and earnings. Canaccord reiterated its Buy rating on Acuity Brands shares.
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