Morgan Stanley analyst Christopher Snyder lowered the firm’s price target on Acuity Brands (AYI) to $335 from $370 and keeps an Overweight rating on the shares. The firm has updated its FY25 and FY26 EPS estimates to $20.03 and $21.87, respectively, to reflect the impact of QSC integration and tariffs on both growth and gross margins, the analyst tells investors. The firm adds that Trump’s “Liberation Day” tariffs “brought competitive tailwinds for AYI and CEO Neil Ashe has built a track record of capitalizing on opportunity.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AYI:
- Acuity Brands price target lowered to $295 from $310 at Baird
- Acuity Brands: Strong Financial Performance and Strategic Positioning Drive Buy Rating
- Acuity Brands price target lowered to $275 from $290 at Wells Fargo
- Acuity Inc. Reports Growth Amid Strategic Acquisitions
- Acuity Brands: Strong Performance and Strategic Positioning Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue