Information Provided By:
Fly News Breaks for July 3, 2019
AYI
Jul 3, 2019 | 09:22 EDT
Roth Capital analyst Craig Irwin says that Acuity Brands' Q3 results showed revenue problems continue for the company, and guide points to a deterioration in Q4. The analyst believes this is driven by share losses as China importers see broad traction. Acuity's sales into the retail channel also likely face rising pressure, he contends. Irwin reiterates a Sell rating and $95 price target on the shares.