Oppenheimer analyst Christopher Glynn raised the firm’s price target on Acuity Brands (AYI) to $380 from $370 and keeps an Outperform rating on the shares following the Q1 report. The company “continues to expand organically with impressive consistency,” the analyst tells investors in a research note. The firm cites Acuity’s strong momentum, balance sheet optionality, and an execution profile driving increasingly consistent results for the target increase.
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