Acuity Brands price target raised to $206 from $180 at Baird

Baird raised the firm’s price target on Acuity Brands to $206 from $180 and keeps a Neutral rating on the shares. The firm noted takewaways from their lighting checks that verall, checks were better than they expected, and so they raised estimates, and are more positive on Acuity Brands overall; but they remain on the sidelines as risk/reward is balanced and there are still-lingering concerns over non-res cycle.