Acuity Inc. (NYSE:AYI) is among the 10 most undervalued industrial stocks to buy according to analysts. Morgan Stanley’s Christopher Snyder cut the price target to $410 but maintained a Buy rating after the company exceeded fiscal Q1 EPS expectations. Shares dropped 13% due to weaker margins in the ABL segment, presenting an entry point for investors.

Baird analyst Timothy Wojs also lowered Acuity Inc.’s price target to $375 with a Buy rating following modest upside in first-quarter results. Expectations were higher, prompting the revision. The company operates in building management systems, lighting, and audio/video/control platforms through the Acuity Intelligent Spaces and Acuity Brands Lighting segments.

While AYI shows investment potential, other AI stocks may offer greater upside with less downside risk. For those seeking a undervalued AI stock benefiting from tariffs and onshoring trends, consider the best short-term AI stock.

Explore more insights on investing with Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Acuity Inc (AYI) Has Strong Upside Despite Target Price Cut