Acuity Inc. to Acquire Parameter Technologies for $675 Million
Acuity Inc. has entered into a definitive agreement to acquire Parameter Technologies, a provider of monitoring solutions for data centers and critical infrastructure, for $675 million.
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Morgan Stanley Maintains Overweight on Acuity, Lowers Price Target to $380
Morgan Stanley analyst Chris Snyder maintains Acuity (NYSE:AYI) with a Overweight and lowers the price target from $410 to $380.
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Oppenheimer Maintains Outperform on Acuity, Lowers Price Target to $415
Company News for Oct 2, 2026
Several major companies reported quarterly earnings with mixed results. Accenture surged 15.8% after beating earnings estimates, while McKesson gained 5.3% on maintained guidance. Conversely, Acuity fell 3.4% and Progress Software dropped 8.5% after missing revenue expectations.