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Fly News Breaks for January 16, 2018
LECO
Jan 16, 2018 | 07:12 EDT
As previously reported, Stifel analyst Nathan Jones upgraded Lincoln Electric to Buy from Hold, as he believes Lincoln will see about a 15% boost to EPS and free cash flow from recent tax cuts though the stock price "appears to have ignored" this potential boost in recent weeks as the Tax Cuts and Jobs Act got passed. Jones raised his price target on Lincoln Electric shares to $116 from $97 to account for his increased estimates.
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