Oppenheimer Maintains Outperform on Acuity Brands, Raises Price Target to $370
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Christopher Glynn has maintained an 'Outperform' rating on Acuity Brands (NYSE:AYI) and raised the price target from $315 to $370.
October 02, 2024 | 1:44 pm
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Oppenheimer has reaffirmed its 'Outperform' rating for Acuity Brands and increased the price target to $370, indicating confidence in the company's future performance.
The increase in price target from $315 to $370 by Oppenheimer suggests a positive outlook on Acuity Brands' future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100