ESAB price target raised to $70 from $68 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on ESAB to $70 from $68 and keeps an Outperform rating on the shares. The analyst cites the company’s Q1 operating beat as pricing remained robust with demand remaining strong in emerging markets. The firm continues to view ESAB’s differentiated Emerging Market exposure and its margin expansion potential as "tangible value-creation drivers going forward".