Zacks Investment Research upgraded shares of Lincoln Electric Holdings Inc. (LECO) from NEUTRAL to OUTPERFORM on January 22, 2015, with a target price of $81.00.
We are upgrading our recommendation on Lincoln Electric from Neutral to Outperform on positive outlook for 2015, with a target price of $81.00. In third-quarter 2014, Lincoln Electric's adjusted earnings increased 9% year over year to $0.94 per share. Revenues also rose 3.5% led by widespread demand across the key segments. Lincoln Electric will benefit from improving end market trends in the general fabrication and structural sectors. Demand for innovative solutions, benefits from strategic initiatives and accelerated returns will also drive growth. Additionally, Lincoln Electric continues to undertake initiatives to provide improved returns through acquisitions. Moreover, further share repurchases and dividends will also act as tailwinds for Lincoln Electric.
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