Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Acuity (AYI) to $310 from $370 and keeps an Overweight rating on the shares following the fiscal Q1 report. The firm says uncertainty and data center demand are driving softness in Acuity Brands Lighting activity. Acuity is maintaining market share and expanding margins through cost-out actions, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $335 from $390 at TD Cowen
- Midday Fly By: Amazon said to eye Globalstar, Tesla deliveries miss consensus
- Options Volatility and Implied Earnings Moves Today, April 02, 2026
- Acuity Brands reports Q2 adjusted EPS $4.14, consensus $4.00
- Acuity Brands: Undervalued Earnings Power and Margin Resilience Support Buy Rating and Multiple Expansion Potential