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Fly News Breaks for October 6, 2016
AYI
Oct 6, 2016 | 07:15 EDT
Canaccord analyst John Quealy said the earnings miss at Acuity Brands was due to a rare operational stumble in a still vibrant market for LED and energy efficiency technologies. As a result, Quealy recommends buying the shares on weakness as the company continues to set the pace for aggressive growth and platform expansion across the marketplace. Quealy reiterated his Buy rating and lowered his price target to $286 form $305 on Acuity Brands shares.
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