ESAB price target lowered to $142 from $146 at DA Davidson

DA Davidson lowered the firm’s price target on ESAB (ESAB) to $142 from $146 and keeps a Buy rating on the shares. The Iran conflict and higher oil prices negatively impacted demand for ESAB solutions, necessitating the firm’s lowered estimates for Q1, even though the firm’s checks indicated an improving US market, which is likely to further accelerate as 2026 progresses, the analyst tells investors in a research note. Roth is still cutting its FY26 EPS view by 7c to $5.74.