Having soared +24% since bottoming last Tuesday, Acuity (AYI +3.5%) racks up further gains...

|About: Acuity Brands, Inc. (Holdin... (AYI)|By:, SA News Editor

Having soared +24% since bottoming last Tuesday, Acuity (AYI +3.5%) racks up further gains today, despite a tepid initiation by Jefferies with a hold. The firm says its business is heavily tied to U.S. construction activity, which remains weak, and recommends moving to the sidelines to wait for signs of a sustainable U.S. housing and construction recovery.