JMP Securities analyst Joseph Osha lowered his price target on Acuity Brands to $160 but kept his Outperform rating. The analyst is positive on the company being the "most profitable lighting business in the industry" with an EBITDA margin of 17%, but notes that its recent comp trends have resulted in some pressure on the stock's valuation and also believes that the management has not been sufficiently proactive taking market share. Osha adds that the pricing of the recent Cooper Lighting deal sold by Eaton at 7-times trailing EBITDA is "a bit of a concern".