Market Overview

UPDATE: Stifel Nicolaus Raises PT on Lincoln Electric Following Strong Quarter Report


In a report published Tuesday, Stifel Nicolaus analyst Stanley Elliott reiterated a Buy rating on Lincoln Electric (NASDAQ: LECO), and raised the price target from $60.00 to $68.00.

In the report, Stifel Nicolaus noted, “Lincoln Electric reported another strong quarter with significant margin expansion despite softer revenues. Shares of LECO sold off 5.2% compared to 0.4% decline in the S&P as investors grew cautious on a weaker North American results and uncertainties relating to the devaluation impact on the South American segment. While we expect the operating environment to remain challenging through 2013 we remain encouraged by the continued execution by the company. Adjusted EBIT margins improved 150bps y/y and we see opportunities for continued expansion as new products and technology driven solutions become an increasing larger percentage of the revenue mix. We believe yesterday's pull back created an attractive entry point and are increasing our target price to $68.”

Lincoln Electric closed on Monday at $57.76.

Latest Ratings for LECO

Dec 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020StifelMaintainsHold
Oct 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for LECO
View the Latest Analyst Ratings


Related Articles (LECO)

View Comments and Join the Discussion!

Posted-In: Stanley Elliott Stifel NicolausAnalyst Color Price Target Analyst Ratings

Latest Ratings

XPEVJefferiesInitiates Coverage On54.4
TEVCIBCInitiates Coverage On4.0
SYFJP MorganUpgrades46.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at