From Earlier: D.A. Davidson Maintains Layne Christensen Neutral, Lowers PT
D.A. Davidson maintained its Layne Christensen (NASDAQ: LAYN) Neutral rating and lowered its price target from $23 to $22 in a research report published today.
In the report, D.A. Davidson stated, "We are slightly reducing our target on LAYN shares to $22 from $23, reflecting our lower earnings expectations as well as broader pressures on equity valuation levels. We continue to rate the shares NEUTRAL."
Shares of Layne Christensen closed today at $19.22, up 3.33% from Monday's market close.
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