Lincoln Electric price target raised to $251 from $231 at Baird

Baird raised the firm’s price target on Lincoln Electric to $251 from $231 and keeps an Outperform rating on the shares. Lincoln Electric ended 2023 on “a high note” and although cyclical concerns remain, investors are increasingly appreciating Automation and perhaps EV charging adding points of growth at critical points in the cycle. While the firm remains “long-term positive,” it would be “better buyers on a pullback,” the analyst tells investors.