LSI Industries $LYTS stock confirmed a horizontal resistanceA horizontal resistance chart pattern is a type of chart which shows how price movement follows a certain pattern when price reaches a certain level. The pattern forms a resistance... breakout on January 9, 2023. The stock is in a technical strong uptrend.
LSI Industries initiated with a Buy at Craig-Hallum
Aaron Spychalla of Craig-Hallum began covering LSI Industries on January 9, 2023, with a Buy rating and a $18 price target. According to the analyst, LSI Industries is benefiting from its decision to pivot from being a broad-commodity supplier to concentrating on key vertical markets with a differentiated lighting and display solutions offering, noticeably improved operations and engagement with a blue-chip customer list, and advantages from increased adoption of LED lighting and a focus on customer experience. The combination of company-specific and secular growth drivers, according to Aaron Spychalla, presents a compelling investment opportunity.
LSI is Quality
