Loop Capital analyst Chris Dankert raised the firm’s price target on ESAB to $100 from $90 and keeps a Hold rating on the shares. The firm sees a “solid” set-up for the company heading into 2024 given its “highly achievable” first-half guidance, ongoing market share gains, and favorable mix as ESAB continues to benefit from its refreshed equipment portfolio, the analyst tells investors in a research note.
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Read More on ESAB:
- ESAB price target raised to $114 from $106 at Stifel
- ESAB price target raised to $114 from $100 at Baird
- ESAB price target raised to $109 from $91 at BofA
- ESAB files automatic mixed securities shelf
- ESAB sees 2024 adjusted EPS $4.65-$4.85, consensus $4.81
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