Acuity Brands’ revenue miss offset by strong margins, says Goldman Sachs

Goldman Sachs analyst Brian Lee keeps a Neutral rating and $201 price target on Acuity Brands after its Q2 results. The quarter was mixed, with lower than expected revenue being offset by strong margins, the analyst tells investors in a research note. The firm added that it will look for additional commentary regarding the health of Acuity Brands’ end markets and the outlook on the cadence of gross margin through FY23.