These Analysts Raise Their Forecasts On Lincoln Electric Following Q4 Results
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Lincoln Electric Holdings (NASDAQ:LECO) reported Q4 earnings of $2.65 per share, exceeding estimates of $2.54, but sales of $1.079 billion fell short of the $1.099 billion forecast. CEO Steven B. Hedlund highlighted strong results and a focus on growth and profitability through their new RISE strategy. Following the earnings report, Keybanc raised its price target from $280 to $340, while Stifel increased its target from $253 to $300. Lincoln Electric shares rose 0.3% to $296.95.
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