MSA Safety price target raised to $196 from $168 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on MSA Safety to $196 from $168 and keeps a Buy rating on the shares. The company’s momentum continued into Q2 and the company updated its 2023 commentary, the analyst tells investors. While there are concerns regarding industrial PPE trends, Stifel believes other parts of the company’s portfolio should “more than offset” any temporary headwinds.