Wedbush Morgan Upgrades Acuity Brands (AYI) to Outperform; Improving Fundamental Outlook
More News related to AYI
- Acuity Brands Announces Involvement in Consensus Agreement for Federal Outdoor Lighting Energy Efficiency Standards
- Wedbush Morgan Upgrades Acuity Brands (AYI) to Outperform; Improving Fundamental Outlook
- Morning Movers 10/07: RPRX, DDSS, GTA, CHIP, UCBH, BSMD Higher; MERX, AAI, APPY, SGMO, SIRI Lower
- Acuity Brands (AYI) Tops Q4 EPS by 11c; Continues to See Difficult Environment
- Acuity Brands Announces Annual Meeting Date
Wedbush Morgan upgrades Acuity Brands (NYSE: AYI) from Neutral to Outperform. Price target increased from $35 to $43.
Wedbush analyst says, "Raising FY10 estimates for revenue from residential and energy efficiency. Around $22M of remaining savings from prior restructuring supports our FY10 EPS estimates. We believe Acuity’s view of (15%) FY10 construction market growth omits benefits from residential growth, management’s expectations of share gains, or any Stimulus impact."
To see more analyst ratings on AYI Click Here.
Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting fixtures, and related products and services in North America and internationally.
Related Categories
UpgradesStocks Mentioned
+0.73Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
