Stifel Downgrades Lindsay to Hold, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Nathan Jones has downgraded Lindsay Corporation (NYSE:LNN) from Buy to Hold and has also lowered the price target from $146 to $135.
September 15, 2023 | 8:21 am
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Lindsay Corporation's stock rating has been downgraded from Buy to Hold by Stifel, with a lowered price target of $135.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not outperform the market in the near future. Additionally, the lowering of the price target indicates a reduced expectation of the stock's future price, which could negatively impact investor sentiment and potentially lead to a decrease in the stock's price.
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IMPORTANCE 80
RELEVANCE 100