Daktronics (DAKT) Tops Q2 EPS by 9c

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Needham & Company Raises Price Target on Daktronics (DAKT) Following 2Q

November 23, 2016 9:53 AM EST

Needham & Company reiterated a Buy rating on Daktronics (NASDAQ: DAKT), and raised the price target to $11.00 (from $9.50), following the company's 2Q earnings report. EPS totaled $0.20, well above Street's $0.10 estimate. Revenues increased 8% y/o/y to $170M, 4% above $163M estimates. Sales from Live Events... More