Roth MKM Maintains Neutral Rating for Lindsay: Here's What You Need To Know

Roth MKM has decided to maintain its Neutral rating of Lindsay LNN and lower its price target from $143.00 to $128.00.

Shares of Lindsay are trading up 0.86% over the last 24 hours, at $116.67 per share.

A move to $128.00 would account for a 9.71% increase from the current share price.

About Lindsay

Lindsay Corp provides a variety of proprietary water management and road infrastructure products and services. It has operations which are categorized into two major reporting segments namely Irrigation, and Infrastructure. The company generates maximum revenue from Irrigation segment. Its Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.