KeyBanc Capital Initiates Lindsay Coverage

KeyBanc Capital Markets initiated coverage on Lindsay Corporation

with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "Lindsay Corporation (LNN-NYSE), in our opinion, is a well run company that is levered to several secular growth themes. Despite our constructive longer-term outlook and belief that Lindsay's near-term outlook is slightly better than what most investors fear, we are initiating coverage with a HOLD rating as we do not believe that potential upside at current valuation adequately offsets the downside risk if corn prices were to correct." Shares of Lindsay Corporation closed today at $57.09, up 1.80% from Tuesday's market close.