From Earlier: Hilliard Lyons Downgrades Landauer, Recommends Holding
Hilliard Lyons downgraded Landauer (NYSE: LDR) from Buy to Neutral in a research report published today.
In the report, Hilliard Lyons stated, "We are changing our rating on Landauer to Neutral from Buy following the recent upward move in the price of LDR shares. We continue to be attracted to LDR's reliable core business, high margins, and new growth platforms. However, at nearly 22 times our fiscal 2012 EPS estimate and near our previous price target, we are changing our rating."
Shares of Landauer were trading at $59.00 at the time of posting, down 1.80% from Tuesday's market close.
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