Layne Christensen (LAYN) Shares Weak as Analyst Downgrades to Neutral

October 14, 2009 11:16 AM EDT

Shares of Layne Christensen (Nasdaq: LAYN) are down nearly 2% today amid an analyst downgrade earlier.

Boenning & Scattergood lowered its investment rating on the stock from Outperform to Neutral, also dropping its $30 price target.

Notably, Layne Christensen shares have fallen more than 5% this week alone.

Click here to see all the analyst upgrades/downgrades on shares of LAYN.

Layne Christensen Company and its subsidiaries provide drilling and construction services and related products to the water infrastructure and mineral exploration markets.


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