Acuity falls after William Blair downgrades on growth concerns

Acuity

28/09/2026 14:34

** Lighting products maker Acuity Brands' shares AYI.N fall 3.1% to $309
** Brokerage William Blair downgrades the stock to "market perform" from "outperform", citing weak market conditions, slower customer spending and concerns that higher interest rates could weigh on co's growth outlook
** Says market conditions remain sluggish, hurt by project delays, rising costs and labor shortages; believes co's recent strong performance may be harder to sustain given all these tailwinds
** Five of eight brokerages rate the stock "buy" or higher and three "hold"; median PT is $390 - LSEG-compiled data
** Including session's move, stock down 14.1% YTD

 (Reporting by Anand Gopal)
 ((AnandGopal.R@thomsonreuters.com))