Acuity Brands price target raised to $320 from $285 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Acuity Brands (AYI) to $320 from $285 and keeps an Equal Weight rating on the shares. While Q4 gross margin looks “very good” on its own, Wells Fargo says Q3 is a “tough act” to follow, and the bigger focus is what impact elevated uncertainty has and what that means for setting a conservative outlook in fiscal 2026, the analyst tells investors in a research note.