Goldman Sachs Downgrades Acuity Brands (AYI) to Sell

Goldman Sachs analyst Brian Lee downgraded Acuity Brands (NYSE: AYI) from Neutral to Sell with a price target of $126.00 (from $132.00).

The analyst sees margin risk generating for the product mix, costs, and pricing power. He sees little room for error in the business and sees the company facing a challenging go-forward environment which he says is not accurately reflected in Street expectations.

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 $155.13 yesterday.

You May Also Be Interested In

• Wolfe Research Downgrades T-Mobile (TMUS) to Peerperform
• GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy