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An announcement from Lindsay ( (LNN) ) is now available.
Lindsay Corporation has entered into a Fourth Amendment to its Revolving Credit Agreement with Wells Fargo Bank, extending the termination date of its $50 million unsecured revolving credit facility from August 26, 2026, to August 26, 2030. This amendment, along with the First Modification to the Line of Credit Note, reflects the company’s strategic move to secure long-term financial flexibility, potentially impacting its operational stability and market positioning positively.
The most recent analyst rating on (LNN) stock is a Buy with a $153.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.
Spark’s Take on LNN Stock
According to Spark, TipRanks’ AI Analyst, LNN is a Outperform.
Lindsay Corporation’s strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. While technical analysis indicates some short-term weaknesses, the company’s robust international growth and strategic project acquisitions support a favorable outlook. Valuation metrics suggest the stock is fairly priced, contributing to a balanced overall assessment.
To see Spark’s full report on LNN stock, click here.
More about Lindsay
Average Trading Volume: 122,002
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.51B
See more insights into LNN stock on TipRanks’ Stock Analysis page.