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Fly News Breaks for December 24, 2015
LNN
Dec 24, 2015 | 07:11 EDT
Piper Jaffray analyst Brett Wong raised his estimates for Lindsay following the company's Q1 results but believes the stock's multiple will face pressure in the near-term. While management is more bullish on the infrastructure segment, irrigation demand remains uncertain, Wong tells investors in a post-earnings research note. He raised his price target for the shares to $63 from $59 and keeps an Underweight rating on the name.
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