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Fly News Breaks for July 2, 2019
AYI
Jul 2, 2019 | 10:10 EDT
Credit Suisse analyst John Walsh notes that Acuity Brands is under pressure due to a sales miss and cautious language around "softened" leading construction market indicators. The Q4 sales decline is in line with the analyst's expectation and while sales disappointed, Walsh would expect the stock to recover as investors digest the details. He reiterates an Outperform rating on the shares.
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