Wells Fargo Maintains Overweight on Acuity Brands, Raises Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Acuity Brands (NYSE:AYI) and increased the price target from $200 to $236.
December 19, 2023 | 1:34 pm
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Wells Fargo analyst Joseph O'Dea has raised the price target for Acuity Brands from $200 to $236 while maintaining an Overweight rating.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, suggesting a potential rise in its price in the short term. The Overweight rating indicates that the analyst believes the company will outperform the industry or the overall market.
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