Baird analyst Mircea Dobre raised the firm’s price target on Lincoln Electric to $220 from $213 and keeps an Outperform rating on the shares. The firm said there were not a lot of surprises given the intra-quarter guidance update, OEM customer demand is choppy, and pressure in Heavy Industries will be sustained in 2H24. Velion charger revenue ramp being pushed to late 2025 disappointed some, but given volatility in the electric vehicle space it should not have been unexpected, the analyst tells investors in a research note.
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