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Daktronics (DAKT) PT Lowered to $10.50 at Needham & Company Following 3Q

February 21, 2017 4:22 PM EST

Needham & Company lowered its price target on Daktronics (NASDAQ: DAKT) to $10.50 (from $11.00) while maintaining a Buy rating.

Analyst James Ricchiuti commented, "DAKT posted disappointing results for the seasonally weak FQ3, with revs coming in 7% below our est. The rev shortfall resulted in... More