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Fly News Breaks for March 21, 2019
AYI
Mar 21, 2019 | 05:07 EDT
Goldman Sachs analyst Brian Lee last night upgraded Acuity Brands to Neutral from Sell with an unchanged price target of $121. With the stock down 22% since his downgrade to Sell on September 11, 2018, the analyst now sees a more balanced risk/reward at current valuation levels. Further, downside risk to consensus estimates in fiscal 2019 and 2020 is limited, Lee tells investors in a research note.
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