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Fly News Breaks for April 4, 2019
AYI
Apr 4, 2019 | 07:58 EDT
Wells Fargo analyst Deepa Raghavan raised her price target for Acuity Brands to $155 from $146 following quarterly results. The analyst thinks stock prospects are better than consensus gives credit for, and there is a credible path to bracketing $10/$11 EPS in 2019/2020, without meaningful capital deployment. The path, however, could be volatile given lowered visibility to demand trends, she contends. Raghavan reiterates an Outperform rating on the shares.
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