KeyBanc Raises Lincoln Electric (LECO) Price Target, Maintains Overweight Rating

Lincoln Electric Holdings (NASDAQ: LECO) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Lincoln Electric Holdings (NASDAQ: LECO) received a price target increase from KeyBanc this week, with analyst Jeffrey Hammond raising the target from $225 to $250 while maintaining an Overweight rating on the shares. The move reflects optimism around the company’s strong position in automated welding solutions and the continued growth in demand across industrial end markets.

KeyBanc Raises Lincoln Electric (LECO) Price Target, Maintains Overweight Rating

The updated valuation follows solid execution by Lincoln Electric in expanding its automation portfolio and enhancing profitability through a mix of product innovation and disciplined cost management. Analysts note the company’s exposure to reshoring trends and increased capital spending in U.S. manufacturing as key drivers of long-term revenue growth.

Shares of Lincoln Electric have gained momentum in recent months, outperforming peers amid rising investment in smart factory infrastructure and robotics. The company’s focus on automation-enabling technologies positions it to benefit from both near-term industrial recovery and long-term modernization efforts.

Lincoln Electric produces robotic welding systems and automation tools central to smart manufacturing, making it a core industrial automation stock.

While we acknowledge the risk and potential of LECO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LECO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.