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Fly News Breaks for September 19, 2019
AYI
Sep 19, 2019 | 07:49 EDT
Credit Suisse analyst John Walsh raised his price target for Acuity Brands to $154 from $148 ahead of quarterly results. The analyst expects Acuity to end its fiscal year in a net cash position, and thinks momentum can continue into fiscal year 2020 despite top line pressure from SKU rationalization in first half of 2020. He reiterates an Outperform rating on the shares.
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