ESAB price target raised to $149 from $147 at UBS

UBS raised the firm’s price target on ESAB (ESAB) to $149 from $147 and keeps a Buy rating on the shares. UBS sees improving organic growth in the Americas as the key performance indicator for shares, the analyst tells investors in a research note. While ESAB’s organic sales growth in Q2 meaningfully lagged peers, welding can be a volatile industry and the firm says it “would not necessarily” extrapolate one quarter of underperformance.