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Fly News Breaks for October 16, 2019
AYI
Oct 16, 2019 | 07:46 EDT
As previously reported, Oppenheimer analyst Christopher Glynn downgraded Acuity Brands to Perform from Outperform. The analyst believes that the combination of the approximate doubling of revenue organically from 2010-2019 and slightly negative Q4 sequential revenue versus Q3 may suggest that some of the industry-busting organic growth could reflect point in time opportunities, potentially tough to backfill.
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