Deutsche Bank analyst Vishal Shah says he remains positive on Acuity Brands' long-term story after the company "faced continued pressure from a slowdown in short-cycle projects and a stock-and-flow business under duress" in Q2. The analyst lowered his price target for the shares to $245 from $275 and keeps a Buy rating on the name. Recent macro factors indicate positive sentiment and strong activity across the non-residential space and Acuity has a track record of outgrowing the market, Shah tells investors in a post-earnings research note. Goldman Sachs this morning downgraded Acuity Brands to Neutral.