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Layne Christensen (LAYN -0.7%) continues to weaken off yesterday's midday downgrade by UBS from...

Layne Christensen (LAYN -0.7%) continues to weaken off yesterday's midday downgrade by UBS from Neutral to Sell. The firm says that earnings are likely to be hit by weakness in its mining and municipal water markets plus continued declines in natural gas prices. FY13 EPS estimates were cut from $1.40 to $1.30 and FY14 from $1.90 to $1.70.
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