Lincoln Electric price target lowered to $252 from $265 at Stifel

Stifel analyst Nathan Jones lowered the firm’s price target on Lincoln Electric (LECO) to $252 from $265 and keeps a Hold rating on the shares. Growth in 2025 for diversified industrials has largely been driven by tariff related price increases, again demonstrating these companies have superior pricing power, with volumes generally flat to down modestly, the analyst tells investors in a research note. The firm expects volume growth in 2026 to be primarily driven by the absence of, or at least lower, levels of inventory destocking combined with carryover pricing leading to low to mid single-digit revenue growth in 2026.