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Fly News Breaks for March 6, 2019
AYI
Mar 6, 2019 | 08:16 EDT
As previously reported, Credit Suisse analyst John Walsh upgraded Acuity Brands to Outperform from Neutral as he believes lighting fundamentals are improving, against tempered expectations, and sees CS-defined EBITDA growth inflecting positive in H2 CY19. Further, peers point to pricing momentum which helps improve gross margin performance, he contends. The analyst also raised his price target on the shares to $148 from $128.
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