KeyBanc raised the firm’s price target on Lincoln Electric to $280 from $232 and keeps an Overweight rating on the shares. The firm expects Lincoln Electric will post slightly negative organic growth in Q1 and 2024 results that are positive but generally flat year over year, and thinks its long-term growth drivers, including a leading market share position in core welding, innovative solutions in automation/robotics, potential upside from electric vehicle charging and 3D wire printing, are intact.
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