Lincoln Electric price target raised to $250 from $215 at Jefferies

Jefferies analyst Saree Boroditsky raised the firm’s price target on Lincoln Electric to $250 from $215 and keeps a Buy rating on the shares. Lincoln is unlikely to be immune to any pullback in capital spending, but should benefit from its exposure to energy, construction/infrastructure and select heavy fab markets, the analyst tells investors. The company should also benefit from its EV charger initiative, says the firm, which adds that it sees automation as a secular growth area.