Jefferies Maintains Buy on Lincoln Electric Holdings, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Saree Boroditsky has reaffirmed a Buy rating on Lincoln Electric Holdings (NASDAQ:LECO) and increased the price target from $215 to $250, indicating a positive outlook on the company's stock.
January 11, 2024 | 8:01 pm
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Jefferies analyst Saree Boroditsky maintains a Buy rating on Lincoln Electric Holdings and raises the price target to $250, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100