Acuity Brands Reaches Analyst Target Price
July 22, 2020 at 07:45 AM EDT
In recent trading, shares of Acuity Brands Inc (AYI) have crossed above the average analyst 12-month target price of $100.67, changing hands for $100.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..