William Blair analyst Brian Drab has maintained their neutral stance on LNN stock, giving a Hold rating today.
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Brian Drab has given his Hold rating due to a combination of factors that reflect both positive performance and potential challenges ahead. Lindsay’s recent fiscal third-quarter results exceeded expectations, with revenues and earnings per share surpassing consensus estimates. The irrigation segment, in particular, showed significant growth, driven by a substantial increase in international sales, especially in the MENA region.
Despite these strong results, Drab’s Hold rating suggests caution due to the anticipated challenges in the upcoming fiscal periods. The company faces tough comparisons in both its irrigation and infrastructure segments as it moves into fiscal 2026. This outlook indicates that while the company is performing well currently, sustaining this level of growth may be challenging, warranting a more conservative investment stance.
In another report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $136.00 price target.