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Bull of the Day

Lincoln Electric (LECO)

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By: Zacks Equity Research
December 22, 2009 |Comments: 0
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Lincoln Electric (LECO) is pursuing a multi-year strategy to become more cost competitive by building manufacturing facilities in Eastern Europe, India, China and SE Asia. The company is using acquisitions to expand its manufacturing capabilities, broaden distribution networks and access growth markets.

Also, Lincoln Electric is implementing various cost-control measures to align with the current demand. Though the company is currently witnessing weak demand across its markets, we believe LECO will post strong growth on an economic recovery, boosted by its investments in emerging markets.

Moreover, the company has a strong financial position. LECO recently increased its dividend by 3.7%. We are upgrading the rating on Lincoln Electric stock from Neutral to Outperform.

Lincoln Electric (LECO) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on LECO

 

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Market Summary Feb 10, 2012 17:31 pm ET
DJIA 12801.23  -89.23 -0.69%
NASD 2903.88  -23.35 -0.80%
S&P 500 1342.64  -9.31 -0.69%
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