Lindsay price target raised to $129 from $128 at Stifel

Stifel raised the firm’s price target on Lindsay to $129 from $128 and keeps a Hold rating on the shares. The company’ Q4 results were a “strong beat,” with a solid rebound in Brazil driving revenue upside, strong gross margins, and discrete tailwinds, the analyst tells investors. Importantly, management remains confident in the short and medium-term outlook and pricing is holding up well, the firm says.