Lincoln Electric price target lowered to $212 from $220 at Baird

Baird analyst Mircea Dobre lowered the firm’s price target on Lincoln Electric to $212 from $220 and keeps an Outperform rating on the shares. The firm lowering its price target follows Lincoln Electric CEO Steven Hedlund speaking at a competitor conference, stating that he sees “further demand softening in August” which Baird believes, “if sustained, should compress volumes/margin relative to prior guidance.”