Layne Christensen Co (LAYN) Posts Q2 Loss of 63c/Share
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Layne Christensen (LAYN) PT, Estimates Cut at Jefferies
September 10, 2014 8:45 AM EDTJefferies analyst Luke Folta lowered estimates and his price target on Hold-rated Layne Christensen (NASDAQ: LAYN) to $12.00 (from $14.50) following another challenging quarter.
Folta comments, "Post another challenging qtr., we lowered est. ('16 EBITDA -24% to $60M) and our TP to $12 (-$2.50). Our revised... More
