Fly News Breaks for January 13, 2020
Jan 13, 2020 | 08:43 EDT
Roth Capital analyst Craig Irwin says that while Acuity Brands' new CEO Neil Ashe "may be a good BOD decision," his conversations show the transparency of corporate intent scares the channel. Agencies, reps, and distributors fear disintermediation, which could result in a rapid breakdown of channel loyalty, he contends. The analyst reiterates a Sell rating and $100 price target on the shares.
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