ESAB price target raised to $128 from $120 at JPMorgan

JPMorgan analyst Tami Zakaria raised the firm’s price target on ESAB to $128 from $120 and keeps an Overweight rating on the shares after spending time with management. The company is targeting equipment market share growth in North America with a refreshed portfolio, the analyst tells investors in a research note. The firm’s ESAB’s number position in North America in consumables “will be an important enabler in achieving this.” It established a December 2025 price target for the shares.