H.C. Wainwright raised the firm’s price target on LSI Industries (LYTS) to $30 from $20 and keeps a Buy rating on the shares. The firm cites continued strength in the company’s operating results for the target increase. LSI’s revenues and adjusted EBITDA grew by 36% and 20% year-over-year, respectively, supported by both organic and acquisition driven contributions, the analyst tells investors in a research note.
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