Stifel Maintains Hold Rating for Lincoln Electric Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Hold rating for Lincoln Electric Holdings (NASDAQ:LECO) but increased its price target from $192.00 to $208.00. Despite the raised target, this still implies a potential downside of 5.45% from the current share price of $220.00. Lincoln Electric is a leading manufacturer in the welding industry, with a global presence and $3.8 billion in sales for 2022.
December 19, 2023 | 5:00 pm
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Stifel maintains a Hold rating on LECO, raising the price target to $208, indicating a potential 5.45% decrease from the current price of $220.
The maintenance of a Hold rating combined with a price target that is below the current trading price suggests that Stifel does not see significant upside potential in the near term. This could lead to a negative perception among investors, potentially exerting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100