Deutsche Bank Starts Lincoln Electric (LECO) at Hold

September 6, 2016 4:32 PM EDT
Get Alerts LECO Hot Sheet
Price: $66.83 +6.11%

Rating Summary:
    6 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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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."

For an analyst ratings summary and ratings history on Lincoln Electric click here. For more ratings news on Lincoln Electric click here.

Shares of Lincoln Electric closed at $64.22 yesterday.

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