Piper Jaffray Raises PT On LECO To $52

Piper Jaffray has issued a report raising the Price Target on Lincoln Electrci LECO from $47 to $52 a share. According to the report, "We are raising our outlook and price target (to $52 from $47) as Lincoln continues to show the ability to execute extremely well across all geographies, which includes both growing share and achieving cost synergies. We expect to see continued benefits from their extensive suite of new products as well as recent acquisitions that have yet to be fully integrated." LECO has an Overweight Rating and closed yesterday at $38.44 a share.