UPDATE: Hilliard Lyons Upgrades Landauer to Buy, Reiterates $60 PT on Reliable Core Business

In a report published Monday, Hilliard Lyons analyst Stephen A. O'Neil upgraded the rating on Landauer LDR from Neutral to Buy, and reiterated the $60.00 price target. In the report, O'Neil noted, “We continue to be attracted to LDR's reliable core business, high margins, and new growth platforms. We find the current valuation and dividend yield attractive even as the company is facing a rare decline in earnings. We believe there is a good chance for earnings to improve in fiscal 2014 and that management has set the stage for sustained earnings growth going forward.” Landauer closed on Friday at $52.87.
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