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Fly News Breaks for October 8, 2019
LECO
Oct 8, 2019 | 18:17 EDT
Stifel analyst Nathan Jones downgraded Lincoln Electric to Hold and lowered his price target to $84 from $97 as part of a broader research note titled "Proprietary Welding Survey: 3Q19 Decelerating Comparison Trends Continue". The analyst notes that he still sees Lincoln Electric as "one of the highest quality businesses" in his coverage universe thanks to its strong management and leading technologies, but believes that the headwinds in the company's end market will limit the upside for investors in the near term.
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