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Fly News Breaks for October 8, 2019
LECO
Oct 8, 2019 | 07:31 EDT
As previously reported, Oppenheimer analyst Bryan Blair downgraded Lincoln Electric to Perform from Outperform on continued estimate risk and an uncertain outlook to demand stabilization across its generally cyclical portfolio. Although confident in the company's long-term outlook and "strong" financial position, the analyst notes that broad-based macro headwinds move him to the sidelines pending improved end-market visibility.
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