UPDATE: UBS Starts Acuity Brands (AYI) at Buy

March 5, 2013 6:34 AM EST
Get Alerts AYI Hot Sheet
Price: $206.45 +0.08%

Rating Summary:
    14 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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(Updated - March 5, 2013 10:45 AM EST)

UBS initiates coverage on Acuity Brands (NYSE: AYI) with a Buy. PT $76.00.

The firm comments, "We believe AYI is uniquely positioned as a largely NA non-res construction pure-play with above avg. exposure to commercial & industrial, where growth fore casts are most favorable. Industrial cos. are increasingly seeing signs of improvement in the non-res mkt., which we believe should see mid- to high-single digit growth over the next few yrs."

For an analyst ratings summary and ratings history on Acuity Brands click here. For more ratings news on Acuity Brands click here.

Shares of Acuity Brands closed at $67.25 yesterday.

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