Roth MKM Maintains Neutral Rating for Lindsay: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Roth MKM has maintained its Neutral rating for Lindsay Corporation (NYSE:LNN) but lowered its price target from $143.00 to $128.00. Lindsay's shares are currently trading at $116.67, up 0.86% over the last 24 hours. A move to the new target would represent a 9.71% increase from the current share price.
June 30, 2023 | 5:01 pm
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Roth MKM has maintained its Neutral rating for Lindsay Corporation but lowered its price target. This could potentially lead to a short-term increase in the stock price if the market reacts positively to the new target.
The lowering of the price target by Roth MKM could be interpreted by the market as a lack of confidence in Lindsay's future performance. However, the maintained Neutral rating indicates that the analyst does not see significant downside risk. This could lead to a short-term increase in the stock price as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100