This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Industrial Goods Companies: Acuity Brands (AYI) and RELX plc (OtherRLXXF)

Tipranks - Wed Jun 24, 4:36AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Acuity Brands (AYI) and RELX plc (RLXXF) with bullish sentiments.

TipRanks' Prime Week Sale - 70% Off

Acuity Brands (AYI)

William Blair analyst Ryan Merkel maintained a Buy rating on Acuity Brands today. The company’s shares closed last Monday at $321.67.

According to TipRanks.com, Merkel is a 4-star analyst with an average return of 5.5% and a 50.7% success rate. Merkel covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Proficient Auto Logistics, Inc., and Global Industrial Company. ;'>

Currently, the analyst consensus on Acuity Brands is a Moderate Buy with an average price target of $331.00, which is a 4.2% upside from current levels. In a report issued on June 18, Morgan Stanley also maintained a Buy rating on the stock with a $400.00 price target.

See today’s best-performing stocks on TipRanks >>

RELX plc (RLXXF)

Bank of America Securities analyst David Amiras reiterated a Buy rating on RELX plc today and set a price target of p3850.00. The company’s shares closed last Monday at $31.12.

Amiras has an average return of 5.0% when recommending RELX plc. ;'>

According to TipRanks.com, Amiras is ranked #7126 out of 12315 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for RELX plc with a $42.72 average price target, representing a 36.9% upside. In a report issued on June 8, TipRanks – Google also upgraded the stock to Buy with a p2982.00 price target.

Read More on AYI:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.