Lincoln Electric (LECO) - Bull of the Day
January 03 2012 - 7:00PM
Zacks
Lincoln Electric (LECO) recently reported fiscal 2011 third
quarter adjusted EPS of $0.66, versus $0.39 in the year-earlier
quarter. Total revenue increased 35.0% year over year to $702.0
million.
Lincoln Electric is pursuing a strategy to become more cost
competitive by building manufacturing facilities in the low-cost
bases of Eastern Europe, besides acquiring companies, which will
complement its operations. Lincoln Electric is also implementing
various cost-control measures.
Further, the demand for its products is on the rise, leading us
to believe that Lincoln Electric will post strong growth on the
heels of an economic recovery and investments in the emerging
markets. We reiterate our Outperform recommendation with a target
price of $46.00.
LINCOLN ELECTRC (LECO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Lincoln Electric (NASDAQ:LECO)
Historical Stock Chart
From May 2024 to Jun 2024
Lincoln Electric (NASDAQ:LECO)
Historical Stock Chart
From Jun 2023 to Jun 2024