Sterne Agee reported on Friday that it has upgraded lighting solutions provider Acuity Brands, Inc. (AYI)
The firm has raised its rating on AYI to “Neutral.” Analysts have also lifted estimates on the company due to an expected commercial construction recovery.
Acuity Brands shares were mostly flat during pre-market trading Friday. The stock is up 37% YTD.The Bottom Line
Shares of Acuity Brands, Inc. (AYI) have a 0.56% yield based on Thursday’s closing price of $92.84.
Acuity Brands, Inc. (AYI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.