Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Acuity Brands to $260 from $236 and keeps an Overweight rating on the shares. The firm notes Acuity Brands delivered an “encouraging start” to 2024, led by gross margin strength, and with improving orders also a bright spot.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AYI:
- Options Volatility and Implied Earnings Moves Today, January 09, 2024
- Acuity Brands Reports Fiscal 2024 First-Quarter Results
- Acuity Brands reports Q1 adjusted EPS $3.72, consensus $3.23
- Options Volatility and Implied Earnings Moves This Week, January 08 – January 12, 2024
- Acuity Brands Inc (AYI) Q1 Earnings Cheat Sheet