DA Davidson Starts ESAB (ESAB) at Buy, 'Buyers on any weakness'

DA Davidson analyst Chris Dankert initiates coverage on ESAB (NYSE: ESAB) with a Buy rating, PT $130.00.

The analyst comments "We are initiating coverage of ESAB with a ‘BUY’ rating and a $130 price target, which reflects ~14.1x our pro forma CY27 EBITDA forecast of $745M. Structurally higher EBITDA margin, accretion from the Eddyfi acquisition, and upside optionality around a rebounding industrial cycle; including increased Eurozone defense spending, provide a constructive backdrop for the shares. Initial M&A dilution impact on CY26 estimates could present near-term volatility, but we would be buyers on any weakness."

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

Shares of ESAB closed at $91.57 yesterday.

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