Deutsche Bank Starts Lincoln Electric (LECO) at Hold
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Deutsche Bank initiated coverage on Lincoln Electric (NASDAQ: LECO) with a Hold rating and a price target of $70.
Analyst Saree Boroditsky said, "We see Lincoln Electric as a high-quality Industrial franchise that has a leading position in the global welding and cutting market, 25%+ ROIC, and faster than average growth from proactive investments. We think the company is a solid long-term industrials holding but remain cautious on entering the stock at this point as we don’t see any clear catalyst to support a meaningful improvement in what continues to be a sluggish economic backdrop."
Shares of Lincoln Electric closed at $64.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Credit Suisse Downgrades Chipotle Mexican Grill (CMG) to Neutral; 'New Normal'
- Oppenheimer Raises Price Target on T-Mobile (TMUS) to $55 Following 3Q Report
- FBR Capital Sees Under Armour (UA) Sell-Off as Buying Opportunity
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesDeutsche Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!