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Fly News Breaks for September 15, 2017
AYI
Sep 15, 2017 | 05:45 EDT
Wells Fargo analyst Richard Kwas downgraded Acuity Brands to Market Perform saying his firm's electrical channel checks indicate the 8% consensus organic revenue growth estimate for FY18 does not have upside. The analyst thinks shares are likely range-bound in the $160-$200 range "for the time being." He believes a "material step up" in tiered solutions growth is needed for gross margin to outperform expectations.
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