Baird analyst Mircea Dobre raised the firm’s price target on Lincoln Electric to $184 from $180 and keeps an Outperform rating on the shares. The firm said that the company saw continued "solid" operational performance in Q1, with demand remaining strong across most end markets. Baird added that it sees potential for positive margin surprises into 2H23 and while it does model softer volumes in 2024, Automation and EV charging could both be sources of upside.
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