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Fly News Breaks for January 6, 2020
AYI
Jan 6, 2020 | 09:17 EDT
Roth Capital analyst Craig Irwin raised his price target for Acuity Brands to $100 from $95, while keeping a Sell rating on the shares. The analyst notes that expectations for Acuity are low coming into Q1 results following the "ugly" revenue decline in Q4. Irwin believes price-based competition is returning as a margin headwind for Acuity, and hears China importers are outperforming again, suggesting Acuity's fast offers for price variances might not be enough to lift pressure on revenue.
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