Wells Fargo Keeps a Buy Rating on Acuity Brands (AYI)


Wells Fargo analyst Rich Kwas maintained a Buy rating on Acuity Brands (AYI) yesterday. The company’s shares closed yesterday at $134.79.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 9.8% and a 68.4% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Lennox International, and Magna International.

Currently, the analyst consensus on Acuity Brands is a Moderate Buy with an average price target of $141, representing a 4.6% upside. In a report issued on March 26, Oppenheimer also assigned a Buy rating to the stock with a $160 price target.

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The company has a one-year high of $173.01 and a one-year low of $103.48. Currently, Acuity Brands has an average volume of 431.3K.

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Acuity Brands, Inc. engages in the provision of lighting and building management solutions and services. It caters commercial, institutional, industrial, infrastructure, and residential applications for various markets.

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