Acuity Brands: Buy Rated on Resilient Earnings Power and Conservative 2026 Outlook
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William Blair analyst Ryan Merkel has maintained a Buy rating on Acuity Brands (AYI) due to its resilient earnings power and stable industry demand. Despite a flat lighting market, forecasts for Q1 sales and earnings align with consensus, indicating the company can meet expectations. Merkel anticipates management will reaffirm its fiscal 2026 earnings guidance, projecting continued share gains and modest pricing benefits. He notes a conservative EBIT margin outlook, supported by a strong balance sheet and an expected 10% EPS growth in fiscal 2026. Wells Fargo also maintains a Buy rating with a $405 price target.
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