Acuity Brands price target lowered to $180 from $193 at Wells Fargo

Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Acuity Brands to $180 from $193 and keeps an Overweight rating on the shares. The firm notes the stock is the 2nd cheapest in its group, there’s no debt to speak of, cash goes to buybacks and risk/reward on 2-year trading ranges is 4th best in its group.