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Fly News Breaks for October 31, 2016
AYI
Oct 31, 2016 | 06:55 EDT
Wells Fargo analyst Richard Kwas upgraded Acuity Brands to Outperform saying consensus estimates for 2017 are too low. The analyst expects Acuity will see more demand momentum for its Tiered solutions portfolio as FY17 progresses, which he notes carries higher margin and content relative to the company's core LED portfolio. Kwas has a $267-$296 price target range for the shares.
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