LSI Industries price target lowered to $22 from $26 at Canaccord

Canaccord lowered the firm’s price target on LSI Industries (LYTS) to $22 from $26 and keeps a Buy rating on the shares. The firm said it wasn’t a perfect quarter. Margins were a little weaker than expected, the Lightning segment was weaker. There were also several positives: the Display Solutions segment had 15% organic growth, management completed the acquisition of Canada’s Best Store Fixtures.