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Fly News Breaks for January 10, 2019
AYI
Jan 10, 2019 | 07:54 EDT
Oppenheimer analyst Christopher Glynn lowered his price target for Acuity Brands to $160 from $170 after quarterly results. The analyst notes that the company's Q1 EPS beat expectations on a modest revenue beat, but shares dipped, likely reacting to a bit more hedged language on timing of price realization and acknowledgement of some pre-buy activity ahead of price increases. He reiterates an Outperform rating on the shares.
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