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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LECO:
- Lincoln Electric Reports Fourth Quarter and Full Year 2023 Results
- LECO Earnings this Week: How Will it Perform?
- Lincoln Electric to Present at the Barclays 41st Industrials Select Conference
- Lincoln Electric price target raised to $231 from $200 at Baird
- Lincoln Electric Schedules Webcast for Fourth Quarter and Full Year 2023 Results