Baird Downgrades Acuity Brands (AYI) to Neutral
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Oppenheimer Reiterates Outperform on Acuity Brands (AYI)
December 21, 2016 7:07 AM ESTOppenheimer reiterated an Outperform rating and $295.00 price target on Acuity Brands (NYSE: AYI).
Capex is running at over 2x historical rates, and AYI expanded headcount by about 50% in FY16, with the expansion heavily 2H-weighted.
Analyst Christopher Glynn commented, "On the business model fundamentals,... More
