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Acuity Brands Pulls Back Well Off Best Levels But Remains Notably Higher

Shares of Acuity Brands (AYI) have pulled back well off their best levels of the day but remain notably higher in afternoon trading on Friday. After reaching an eight-month intraday high, Acuity Brands is currently up by 3.1 percent.

Acuity Brands initially rallied after Wells Fargo upgraded its rating on the lighting systems provider's stock to Outperform from Market Perform.

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