Seeking Alpha

Lincoln Electric posts a solid Q2, Stifel raises PTto $68

  • Lincoln Electric (LECO +2.2%) gains despite posting a mixed Q2, missing on revenue but beating on a per share basis.
  • Looking forward, CEO Christopher Mapes says the company is maintaining a cautious outlook for the balance of the year on mixed end sector performance, but expects post solid margin and earnings performance, fueled by its new initiatives, product introductions and the careful management of expenses.
  • Stifel Nicolaus raises its price target to $68 on the back of the report, noting that LECO reported another strong quarter with significant margin expansion despite softer revenues.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs