Wells Fargo Maintains Overweight on Acuity Brands, Raises Price Target to $295
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 $260 to $295.
April 04, 2024 | 1:05 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on Acuity Brands and raised the price target from $260 to $295.
The increase in price target by a reputable analyst like Joseph O'Dea suggests a positive outlook on Acuity Brands' stock, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100