Acuity Brands (AYI) Misses Q3 EPS by 12c

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Go back to Acuity Brands (AYI) Misses Q3 EPS by 12c

Goldman Sachs Comments on Acuity Brands' (AYI) Q3

July 2, 2014 12:54 PM EDT

Goldman Sachs maintained a Neutral rating on Acuity Brands (NYSE: AYI) and reduced its price target to $128.00 (from $135.00). The change follows Q3 results. Analyst Brian Lee sees risk/reward as balanced.

"Acuitys 3QFY14 (May) results missed our estimates as expectations of a volume recovery following a weather-impacted 2Q failed to materialize.... More