Lindsay Corp's stock plummeted 5.08% during intraday trading on Monday, reflecting a sharp negative reaction from investors.
The decline follows news that Stifel lowered its price target on Lindsay to $113 from $128 while maintaining a Hold rating on the shares. The analyst cited headwinds in the agriculture market as a key reason for the reduced target.
This analyst action was part of a broader round of research updates from Wall Street firms, with Stifel's downward revision on Lindsay contributing to the stock's significant sell-off during the trading session.
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