October 04, 2013 at 08:49 AM EDT
Sterne Agee Upgrades Acuity Brands to “Neutral” (AYI)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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