12:10 AM EST, 12/09/2025 (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 adjust our 12-month target price on LECO shares from $245 to $215, valuing the company at 20x our 2026 EPS outlook of $10.75, near the long-term forward multiple average. Our downgrade on LECO reflects our view that shares are trading at a premium and should take into account risks to the company's expected demand recovery. We see the expected rise in earnings next year requiring healthy volume performance, which could struggle to improve as much as expected if customers become more resistant to pricing increases and if punitive tariff measures remain in place or worsen. Pricing execution has helped to drive organic sales and defend profitability, though we note that volumes have remained subdued in LECO's most recent quarter. Industrial end markets have experienced a diverse set of positive and negative catalysts in recent quarters (AI-infrastructure buildout vs. tariffs), making visibility more limited. We forecast EPS of $9.75 for 2025 and $10.75 for 2026, lowered from $9.83 and $10.85, respectively.