UPDATE: Dougherty & Company Lowers PT on Daktronics to $13.50

Dougherty & Company lowers its price target on Daktronics

from $15 to $13.50 and affirms its Buy rating on the company in a research report out today. In the report, Daktronic writes, "Q3 showed mixed results. End markets continue to show progress, but DAKT earnings leverage lags. We affirm our Buy rating, but near term catalysts are lacking. Our new price target is $13.50, down from $15." Shares of Daktronics are currently trading at $9.03, down 1.69% from yesterday's close.