ESAB price target lowered to $146 from $150 at Roth Capital

Roth Capital lowered the firm’s price target on ESAB (ESAB) to $146 from $150 and keeps a Buy rating on the shares. The addition of Eddyfi adds a key component to ESAB’s end-to-end solution portfolio for the global manufacturing complex and further differentiates ESAB from its competition, the analyst tells investors in a research note. The inspection and monitoring segment is a niche in the manufacturing space that provides ESAB with a long runway to deploy capital at very attractive returns, the firm adds.