Fly News Breaks for March 4, 2015
LNN
Mar 4, 2015 | 07:02 EDT
Piper Jaffray said its channel checks with domestic and international irrigation dealers indicate pivot demand, specifically international, is worse than it previously expected. Piper believes soft irrigation demand will drive downward earnings revisions and pressure Lindsay's multiple. It cut its price target for shares to $67 from $71 and reiterates an Underweight rating on the name.
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