KeyBanc analyst Steve Barger raised the firm’s price target on Lincoln Electric (LECO) to $245 from $230 and keeps an Overweight rating on the shares. The firm notes Lincoln Electric’s shares rose 10.2% following its Q4 results and conference call. KeyBanc thinks this has been a tough cycle to understand from a duration standpoint, and 2024 has been a reset year during a tough operating environment for many of its short-cycle names. Even so, Lincoln Electric closed FY24 out with a record 17.6% op. margin, even before tangible signs of improvement are evident.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LECO:
- Lincoln Electric’s Steady Performance Amid Market Challenges
- Lincoln Electric’s Resilient Growth Amid Challenges
- Lincoln Electric reports Q4 adjusted EPS $2.57, consensus $1.99
- LECO Earnings this Week: How Will it Perform?
- Trump Trade: President blasts EU regulators for targeting U.S. tech companies