Oppenheimer Reiterates Outperform Rating on Acuity Brands (AYI)

Oppenheimer analyst Christopher Glynn reiterated an Outperform rating and $435.00 price target on Acuity Brands (NYSE: AYI).

The analyst commented: "We continue to favor shares of AYI, based on (1) positioning for ABL to drive lsd growth near term from market share and price, against guidance view for FY26 market volumes slightly down; (2) sustainability of LT-MT% growth at AIS (vs. market probably up msd); and (3) continued structural margin improvement headroom (even if partly offset/possibly about neutralized by tariffs near term). We see operational momentum from continuous improvement across end-to-end operations, planning cycles, analytics, commercial segmentation, front-end/service models, and pricing sophistication as all within middle innings and lending robust support to +10% midpoint FY26 EPS guidance. AYI's EPS edged guidance ranges in FY25/EPS grew 16%, and FY24/+11%, in both cases after having moved the range up once (attendant with FY2Q24 and FY1Q25 results)."

For an analyst ratings summary and ratings history on Acuity Brands click here. For more ratings news on Acuity Brands click here.

Shares of Acuity Brands closed at $353.46 yesterday.

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