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Fly News Breaks for January 3, 2020
Jan 3, 2020 | 07:36 EDT
Wells Fargo analyst Deepa Raghavan tells investors in a research note that he remains Overweight rated on Acuity Brands (AYI), Hubbell (HUBB) and Atkore (ATKR) ahead of Q1 results, saying his firm's December checks for lighting and general electrical did not yield a surprise in the context of low seasonality. The analyst, who says he hasn't heard anything in his checks that make him believe this is the worst EPS quarter in recent history, says Acuity Brands likely has upside potential vs. consensus. He raised his price target for Acuity Brands to $155 from $138 and for Hubbell to $160 from $155.
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