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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100