Lindsay shares are trading lower after Stifel downgraded the stock from Buy to Hold and lowered its price target from $146 to $135.
Portfolio Pulse from Benzinga Newsdesk
Lindsay Corporation's shares are trading lower following a downgrade by Stifel from Buy to Hold. Stifel also lowered its price target for Lindsay from $146 to $135.
September 15, 2023 | 4:38 pm
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NEGATIVE IMPACT
Lindsay Corporation's stock has been downgraded by Stifel from Buy to Hold, and its price target has been lowered from $146 to $135.
The downgrade by Stifel from Buy to Hold indicates a less optimistic outlook for Lindsay Corporation's stock. Additionally, the lowering of the price target from $146 to $135 suggests that Stifel expects the stock's price to decrease in the short term. These factors are likely to negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100