In a report published Monday, Wedbush Securities analyst David L. Rose reiterated a Neutral rating and $74.00 price target on Lindsay Corporation LNN.
In the report, Wedbush Securities noted, "We are forecasting EPS of $1.17 on revenues of $162.4 million versus consensus estimates of $1.13 and $156.6 million, respectively. While we see little upside to the consensus figure, differences may stem from our inclusion of the recent acquisition of Elecsys in our forecast and profitability assumptions from the Golden Gate Road Zipper project."
Lindsay Corporation closed on Friday at $82.19.
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Posted In: Analyst ColorReiterationAnalyst RatingsConstruction & Farm Machinery & Heavy TrucksDavid L. RoseIndustrialsWedbush Securities
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