Morgan Stanley cuts Acuity Brands stock target from USD 410 to USD 380

Published on 10/25/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached USD 4.64 billion, up 6.80 percent year over year. Acuity Brands stock closed at EUR 284.00 on October 23, 2026.

Analyst targets after fiscal results

Morgan Stanley lowered its Acuity target from USD 410.00 to USD 380.00 on October 20, 2026.
Fiscal 2026 revenue reached USD 4.64 billion, an increase of 6.80 percent from fiscal 2025.
Acuity Brands stock closed at EUR 284.00 on October 23, 2026, the Xetra close.

AYI, US00508Y1029, Illustration mit AI erstellt.

Acuity Brands (ISIN US00508Y1029) generated fiscal 2026 revenue of USD 4.64 billion, an increase of 6.80 percent from fiscal 2025, according to the Acuity Inc. release dated October 1, 2026. The latest analyst action came on October 20, when Markets Insider reported that Morgan Stanley cut its target from USD 410.00 to USD 380.00 while keeping an Overweight rating.

Why did Morgan Stanley cut target?

The target reduction followed the fiscal fourth-quarter update and rolled-forward estimates, according to the October 20 report. It places the new target below the earlier USD 410.00 level, while the company enters fiscal 2027 with guidance for revenue of USD 4.7 billion to USD 4.9 billion and adjusted diluted earnings per share of USD 20.50 to USD 22.00, as reported by Investing.com.

Three milestones from fiscal 2026

On October 1, 2026, Acuity reported fiscal fourth-quarter revenue of USD 1.24 billion, up 2.90 percent year over year, and adjusted diluted earnings per share of USD 5.77, up 11.00 percent. On October 2, 2026, Markets Insider reported that Baird lowered its target from USD 360.00 to USD 348.00.

On October 20, 2026, Morgan Stanley lowered its target to USD 380.00 from USD 410.00. The sequence shows a common investor tension: fiscal 2026 operating profit rose 26.60 percent to USD 713.7 million, while the target revisions point to more cautious expectations for the next phase.

Stock valuation after the target cuts

Acuity's market capitalization was USD 9.5 billion as of October 23, 2026. Its primary-market 52-week range was USD 257.04 to USD 380.17 on that date, placing the valuation below the upper end of the established range. Fiscal 2026 operating cash flow reached USD 825.6 million, compared with USD 601.4 million in fiscal 2025.

What the next figures show

The fiscal 2026 report also showed a sharp difference between the two operating segments. Acuity Intelligent Spaces revenue rose 44.80 percent to USD 1.1 billion for the fiscal year, while Acuity Brands Lighting revenue fell 1.00 percent to USD 3.6 billion. That mix makes the next reported revenue trend important after the analyst target reductions.

The Xetra close was EUR 284.00 on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Acuity Brands stock.