Wells Fargo Maintains Equal-Weight on Acuity Brands, Raises Price Target to $305
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Equal-Weight rating on Acuity Brands (NYSE:AYI) while raising the price target from $289 to $305.
October 02, 2024 | 2:25 pm
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Wells Fargo has maintained its Equal-Weight rating on Acuity Brands but increased the price target from $289 to $305, indicating a positive outlook.
The increase in the price target from $289 to $305 by Wells Fargo suggests a positive outlook for Acuity Brands, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100