ESAB price target raised to $100 from $90 at Loop Capital

Loop Capital analyst Chris Dankert raised the firm’s price target on ESAB to $100 from $90 and keeps a Hold rating on the shares. The firm sees a “solid” set-up for the company heading into 2024 given its “highly achievable” first-half guidance, ongoing market share gains, and favorable mix as ESAB continues to benefit from its refreshed equipment portfolio, the analyst tells investors in a research note.