Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Acuity Brands (AYI) to $405 from $380 and keeps an Overweight rating on the shares following quarterly results. Acuity Brands Lighting Q4 margin strength more than offset some revenue softness and drove a solid end to 2025, the firm notes. Most focus was on the 2026 outlook, with upside potential perceived in both revenue and margin, which seems reasonable.
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