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Fly News Breaks for September 30, 2016
AYI
Sep 30, 2016 | 08:13 EDT
Cowen analyst Jeffrey Osborne predicted that Acuity Brands will report another strong quarter of growth in Q4, citing his conversations with lighting industry participants. The analyst, who thinks the company's position in the U.S. non-residential lighting space is strengthening and that is margins are improving, keeps an Outperform rating and $285 price target on the stock ahead of its earnings report, due on October 5.