LSI Industries price target raised to $16 from $12 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on LSI Industries to $16 from $12 and keeps a Buy rating on the shares. The analyst noted as balance sheet delevering continues, we expect the newly found flexibility to afford management the opportunity to pursue a more offensive footing through a combination of continued organic growth, share gains and strategic initiatives.