Lincoln Electric Holdings (LECO)
by Zacks Equity ResearchMay 09, 2012 | Comments : 0 Recommended this article: (0)
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Lincoln Electric continues to focus on its growth strategies, which include acquisitions and new product introductions. Allied with its aim of turning cost-competitive, Lincoln Electric is implementing various cost-control measures. We believe that the company will post strong growth on the heels of an economic recovery and investments in the emerging markets.
We reiterate our Outperform recommendation with a target price of $58.00. Our long-term Outperform recommendation on the stock indicates that it will perform above the overall market. Our $58.00 target price, 18.0x our 2012 EPS estimate, reflects this view.
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