Goldman Sachs Maintains Neutral on Acuity Brands, Raises Price Target to $303
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Neutral rating on Acuity Brands (NYSE:AYI) but raises the price target from $266 to $303.
October 02, 2024 | 3:49 pm
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Goldman Sachs has maintained a Neutral rating on Acuity Brands but increased the price target from $266 to $303, indicating a positive outlook on the stock's potential.
The increase in price target from $266 to $303 by Goldman Sachs suggests a positive outlook for Acuity Brands, despite the Neutral rating. This could lead to a short-term positive impact on the stock price as investors may interpret the higher price target as a sign of potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100