Lincoln Electric price target raised to $180 from $174 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on Lincoln Electric to $180 from $174 and keeps an Outperform rating on the shares. The company’s Q4 results were "in-line" and its FY23 guidance was not quite enough given the high expectations heading into the print, the analyst tells investors in a research note. The firm adds however that Lincoln Electric’s 2023 is still set to be better than its relatively cautious prior outlook as the company’s Americas growth continues to be aided by robust Automation, while its International business is better than feared.