Morgan Stanley raises PT on Acuity Brands, reiterates 'overweight' rating

Morgan Stanley raises PT on lighting products maker Acuity Brands AYI.N to $365 from $335, which is about 20% upside on stock's last close; reiterates "overweight" rating

Brokerage sees AYI as competitively advantaged over low-cost Chinese competitors, supporting pricing power and share gains

Management has delivered on all fronts operationally and is now showing impressive M&A integration, turning AYI into a higher-growth and more-durable business - Morgan Stanley

Four of nine brokerages rate the stock "buy" or higher, five rate "hold"; their median PT is $330, according to data compiled by LSEG

Including session's moves, stock up about 2.6% YTD