11:15 AM EST, 11/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target to $245 from $240, valuing shares at 22.6x our 2026 EPS outlook of $10.85 (up from $10.60; 2025 EPS adjusted to $9.83 from $9.76). LECO reported solid Q3 results with revenues rising 7.9% Y/Y driven by 5.6% organic growth, though volume declines in Americas (-2.4%) and international markets (-4.2%) were offset by pricing execution. Adjusted operating margin expanded 10 bps to 17.4% despite tariffs and volume headwinds, with EPS beating consensus by $0.05. The margin resilience reflects effective pricing and cost management, particularly in Americas Welding and Harris Products segments where price increases drove double-digit gross sales growth. LECO reiterated most 2025 full-year outlook metrics following the quarter. However, we note that organic growth driven entirely by price realization may face sustainability challenges if customers develop pricing fatigue, making volume recovery critical for future performance.