Oppenheimer analyst Christopher Glynn maintains $Acuity Brands (AYI.US)$ with a buy rating, and adjusts the target price from $370 to $380.
According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 17.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Acuity Brands (AYI.US)$'s main analysts recently are as follows:
Acuity Brands has been noted to consistently expand organically, with strong momentum, balance sheet optionality, and an execution profile driving increasingly consistent results.
Acuity Brands reported an encouraging quarter with stronger than anticipated demand in Brands Lighting and Controls alongside a robust gross margin. Despite mixed industry data, management anticipates stronger performance in 2025 compared to 2024. The Q1 report was viewed positively, with estimates increased to reflect recent business deals.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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