UPDATE: UBS Securities Upgrades Layne Christensen Company on Valuation

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, UBS Securities analyst Steven Fisher upgraded the rating on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Layne Christensen Company

(NASDAQ: LAYN) from Sell to Neutral, and reiterated the $16.00 price target.In the report, UBS Securities noted, “We downgraded LAYN shares to Sell on 8/30/12 based on our view that weakening mining markets and weak municipal water markets would pressure earnings to the downside. LAYN shares are down 19.2% since 10/31/13, and are below our price target. While we continue to see risks in the mining industry, we believe that future downside to earnings is largely reflected in the stock. Furthermore, we believe improving housing markets may provide some support to the municipal water business.”Layne Christensen Company closed on Tuesday at $16.17.