Lincoln Electric price target raised to $180 from $177 at Oppenheimer

Oppenheimer raised the firm’s price target on Lincoln Electric to $180 from $177 and keeps an Outperform rating on the shares. Lincoln posted record Q1 adjusted EPS, noting record equipment and automation backlogs entering Q2, and raised 2023 sales guidance to up low- to mid-teens from low double digits, the analyst tells investors in a research note.