Soleil Securities Upgrades Lincoln Electric (LECO) to Gradually Accumulate; Raises Estimates & PT
LECO Hot Sheet
Rating Summary:4 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Soleil Securities upgrades Lincoln Electric (Nasdaq: LECO) to Gradually Accumulate, price target increased from $40 to $55.
Soleil analyst says, "Given the 3Q beat, our earnings estimate for 2009 is being raised to $1.69 per share (vs our previous $1.30 estimate and 2008's record $5.36), implying 62 cents for Q4 (vs 88 cents last year); Cost structure reduced by $145 million; 108 new products introduced in past 9 months; Our 2010 estimate is being increased to $2.40 (vs $2.00 previously)."
To see more analyst ratings on LECO Click Here.
Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures and resells welding and cutting products worldwide.
Soleil analyst says, "Given the 3Q beat, our earnings estimate for 2009 is being raised to $1.69 per share (vs our previous $1.30 estimate and 2008's record $5.36), implying 62 cents for Q4 (vs 88 cents last year); Cost structure reduced by $145 million; 108 new products introduced in past 9 months; Our 2010 estimate is being increased to $2.40 (vs $2.00 previously)."
To see more analyst ratings on LECO Click Here.
Lincoln Electric Holdings, Inc., through its subsidiaries, manufactures and resells welding and cutting products worldwide.
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