Lincoln Electric shares are trading lower after Baird lowered its price target on the stock from $220 to $212.
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric shares declined after Baird reduced its price target from $220 to $212.
September 04, 2024 | 5:22 pm
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NEGATIVE IMPACT
Lincoln Electric's stock price is under pressure following Baird's decision to lower its price target from $220 to $212.
The reduction in the price target by Baird suggests a less optimistic outlook for Lincoln Electric, which is likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100