Stifel Maintains Hold Rating for Lincoln Electric Holdings: Here's What You Need To Know

Stifel has decided to maintain its Hold rating of Lincoln Electric Holdings LECO and raise its price target from $192.00 to $208.00.

Shares of Lincoln Electric Holdings are trading up 0.96% over the last 24 hours, at $220.00 per share.

A move to $208.00 would account for a 5.45% decline from the current share price.

About Lincoln Electric Holdings

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3.8 billion in sales in 2022.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.