ESAB price target raised to $114 from $106 at Stifel

Stifel raised the firm’s price target on ESAB to $114 from $106 and keeps a Buy rating on the shares. The “strong” Q4 and solid 2024 outlook underpin ESAB as “an emerging industrial compounder with increasing financial flexibility,” says the analyst, who notes that management is on track to deliver 2026 and 2028 targets.