ESAB price target raised to $126 from $109 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on ESAB (ESAB) to $126 from $109 and keeps a Hold rating on the shares. ESAB continues to execute its strategy and improve its operations, gaining market share and reducing costs, and the portfolio is well positioned to avoid the worst of tariffs and demand uncertainty while capitalizing on markets that continue to show growth, the analyst tells investors.