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Fly News Breaks for September 18, 2019
LECO
Sep 18, 2019 | 07:13 EDT
Seaport Global analyst Walt Liptak downgraded Lincoln Electric to Neutral from Buy citing softening industrial activity in both domestic and international regions. The analyst expects topline growth to be muted in the second half of 2019 given declines in the US ISM index and unresolved geopolitical events. Also, Liptak said Lincoln is digesting recent M&A and expects SG&A spending levels to increase the company integrates transactions.
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