Lincoln Electric price target lowered to $178 from $220 at Stifel

Stifel analyst Nathan Jones lowered the firm’s price target on Lincoln Electric (LECO) to $178 from $220 and keeps a Hold rating on the shares. The firm is assuming U.S. trade policy leads to a modest industrial recession in the second half of this year through the first half of 2026 and assumes uncertainty leads to lower customer capital and operating expenditures, which cause Lincoln and/or its customers to slow production.