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Fly News Breaks for July 12, 2019
LECO
Jul 12, 2019 | 09:16 EDT
As previously reported, Baird analyst Mircea Dobre upgraded Lincoln Electric to Outperform from Neutral. The analyst sees the stock being set up for a "catch up" trade as the combination of lowered expectations and easier comps create a better setup. Input costs are dropping rapidly and the stock could start outperforming after two years of underperformance, predicts Dobre, who raised his price target on Lincoln Electric shares to $100 from $93.
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