Acuity Brands price target lowered to $275 from $290 at Wells Fargo

Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Acuity Brands (AYI) to $275 from $290 and keeps an Equal Weight rating on the shares. All things considered, it was a good Q2 for the company and management is doing what they can in a challenging environment, but uncertainty risk remains high on price realization, demand destruction, and future tariff unknowns.