Acuity Brands price target raised to $180 from $170 at Baird

Baird analyst Timothy Wojs raised the firm’s price target on Acuity Brands to $180 from $170 and keeps a Neutral rating on the shares. The firm said its results showed encouraging margin performance despite choppy end markets as record-high gross margins drove EPS upside against lighter revenue, while providing modestly better-than-expected EPS guidance.