Lincoln Electric price target lowered to $225 from $245 at KeyBanc

KeyBanc lowered the firm’s price target on Lincoln Electric (LECO) to $225 from $245 and keeps an Overweight rating on the shares. The firm notes shares underperformed following its Q1 results and conference call. KeyBanc thinks the price action was partially related to a lowered FY25 framework, which includes flat organic sales and flat-to-lower operating margin.