As previously reported, Craig-Hallum initiated coverage of Daktronics (DAKT) with a Buy rating and $26 price target The firm notes Daktronics is a leader in the $3B-plus LED video display market that is growing double-digits from secular and cyclical tailwinds, with operational changes having bettered margins and further expansion targeted, and the potential for further growth and efficiency improvements from top shareholders seeking change. Craig-Hallum sees a significant stock opportunity given this combination and sees the potential for a $35-$40 stock over time.
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