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Lincoln Electric price target raised to $280 from $250 at KeyBanc

KeyBanc raised the firm’s price target on Lincoln Electric (LECO) to $280 from $250 and keeps an Overweight rating on the shares. The firm notes shares increased following its strong Q2 results and improved outlook. While KeyBanc thinks there are still risks and uncertainties in the macro environment, it was encouraged by Lincoln Electric’s commentary and tone.

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