UPDATE: Monness Crespi Hardt Reiterates Buy Rating, Raises PT on Lindsay Corporation on Raised Estimates

In a report published Monday, Monness Crespi Hardt reiterated its Buy rating on Lindsay Corporation (NYSE: LNN), and raised its price target from $95.00 to $100.00.

Monness Crespi Hardt noted, “We recently held meetings with LNN management and came away with greater confidence in both the current trends in irrigation and LNN's potential for acquisitions. As a result, we are raising both our estimates and target slightly as the remainder of 2013 should continue to reflect the current strength in the business. Our new target price is $100 and therefore we reiterate our Buy rating on LNN shares.”

Lindsay Corporation closed on Friday at $91.37.