Lindsay Corp. (LNN) Tops Q3 EPS Expectations; Backlog at $53.2M
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Piper Jaffray Raises Price Target on Lindaay Corp. (LNN) Following 3Q EPS Beat
June 26, 2015 8:50 AM EDTPiper Jaffray reiterates an Underweight rating on Lindsay Corporation (NYSE: LNN), and raised the price target to $74.00 (from $65.00), following 3Q results. EPS of $1.10 beat Street estimates of $0.80. International revenues fell well below model due to unfavorable FX and weakness in sales for key end markets.
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