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Fly News Breaks for October 4, 2018
AYI
Oct 4, 2018 | 07:42 EDT
Wells Fargo analyst Richard Kwas lowered his price target for Acuity Brands to $161 from $187, while reiterating an Outperform rating on the stock. The analyst believes the correction in the shares was overdone and gross margin should get sequentially better starting this quarter and pick up steam through next spring.
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