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Roth MKM Keeps Their Buy Rating on Lincoln Electric Holdings (LECO)

Tipranks - Tipranks - Wed Feb 4, 8:02AM CST

Roth MKM analyst Tom Hayes reiterated a Buy rating on Lincoln Electric Holdings today and set a price target of $297.00.

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Hayes covers the Industrials sector, focusing on stocks such as Enerpac Tool Group, SKYX Platforms, and Lincoln Electric Holdings. According to TipRanks, Hayes has an average return of 1.8% and a 45.78% success rate on recommended stocks.

In addition to Roth MKM, Lincoln Electric Holdings also received a Buy from TipRanks – xAI’s xAi Manufacturing – Tools and Accessories in a report issued today. However, on January 26, Oppenheimer maintained a Hold rating on Lincoln Electric Holdings (NASDAQ: LECO).

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Based on Lincoln Electric Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.06 billion and a net profit of $122.63 million. In comparison, last year the company earned a revenue of $983.76 million and had a net profit of $100.76 million

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