Stifel Maintains Hold on Lindsay, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Nathan Jones has maintained a Hold rating on Lindsay Corporation (NYSE:LNN) but has reduced the price target from $129 to $123.
December 19, 2023 | 3:45 pm
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NEUTRAL IMPACT
Stifel has maintained a Hold rating on Lindsay Corporation but lowered the price target from $129 to $123, indicating a potential limited upside or downside.
The reduction in price target by Stifel reflects a slightly more conservative valuation of Lindsay Corporation, which could signal to investors a modest reassessment of the company's growth prospects or market conditions. However, since the rating remains a Hold, the immediate impact on the stock price may be neutral, as the change does not suggest a significant shift in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100