Morgan Stanley analyst Angel Castillo reduced the firm's price target on Lincoln Electric Holdings, Inc. to $208 from $209 on January 12. The analyst kept an Underweight rating on the stock.
The adjustment was part of routine model changes in Morgan Stanley's weekly note covering the Machinery and Construction group.
Earlier, on December 16, Stifel analyst Nathan Jones lowered Stifel's price target on Lincoln Electric to $252 from $265. Jones maintained a Hold rating.
In his note, Jones stated that growth in diversified industrials during 2025 has been largely driven by tariff-related price increases. He noted that volumes have generally been flat to slightly lower.
Looking ahead, the firm expects 2026 volume growth to improve as inventory destocking fades. Pricing carryover is anticipated to support low- to mid-single-digit revenue growth next year.
Lincoln Electric Holdings, Inc. is known for its welding products, industrial automation solutions, and cutting equipment. The company is included among the 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now.