Zach’s has a strong buy recommendation on Acuity Brands–and we agree with their overall assessment. In the article, their logic appears to be based on Acuity’s impressive growth estimate of current growth estimate for earnings-per-share growth of 32.4%. Yet the article says Acuity is in the “Travel and Recreational Service” business. What?
How can a research company like Zach’s that gives investment guidance be so wrong about an industry.
Historically Wall Street firms have not followed our industry as much as we would like, but when they do, it would be nice if they got the industry correct.