Information Provided By:
Fly News Breaks for January 6, 2020
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.
News For AYI From the Last 2 Days
There are no results for your query AYI