Acuity Brands (AYI) Tops Q1 EPS by 7c

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Canaccord Genuity Cuts Price Target on Acuity Brands (AYI) Following Slight EPS Miss

January 11, 2016 8:22 AM EST

Canaccord Genuity maintained a Buy rating on Acuity Brands (NYSE: AYI), and cut the price target to $265.00 (from $268.00), following the company's 1Q16 earnings report. Revenues were $736.6M compared to consensus estimate of $740M. EPS of $1.57 came in 1c below consensus estimate of $1.58. Although the recent acquisitions... More