Morgan Stanley Raises Lincoln Electric Price Target to $247

The industrial products company's stock receives an 'underweight' rating from analysts.

Apr. 2, 2026 at 8:08am

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Lincoln Electric (NASDAQ:LECO) had its price target raised by Morgan Stanley from $240.00 to $247.00 in a report released on Monday. The investment bank maintained its 'underweight' rating on the industrial products company's stock. Several other analysts have also recently issued reports on LECO, with some raising their price targets and ratings while others lowered their views on the company.

Why it matters

Lincoln Electric is a major global manufacturer and distributor of welding products, robotic welding systems, and other industrial equipment. The company's stock performance and analyst coverage provide insights into the state of the industrial and manufacturing sectors, which are key indicators of broader economic conditions.

The details

In their report, Morgan Stanley analysts cited Lincoln Electric's recent financial results and growth outlook as reasons for the price target increase, though they maintained an 'underweight' rating on the stock. Other analysts have taken a more bullish view, with Barclays and KeyCorp raising their price targets and ratings on Lincoln Electric in recent months. However, Wall Street Zen downgraded the stock to 'hold' in late February.

  • The Morgan Stanley report was released on Monday, April 2, 2026.
  • Lincoln Electric last reported quarterly earnings on Thursday, February 12, 2026.

The players

Morgan Stanley

A global investment bank and financial services company that provides research coverage on Lincoln Electric's stock.

Barclays

A multinational investment bank that raised its price target and rating on Lincoln Electric in a recent research report.

KeyCorp

A financial services company that increased its price target and rating on Lincoln Electric in a recent research note.

Wall Street Zen

A financial research firm that downgraded Lincoln Electric's stock to a 'hold' rating in late February 2026.

Lincoln Electric Holdings, Inc.

A global manufacturer and distributor of welding products, robotic welding systems, and other industrial equipment.

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What they’re saying

“They currently have an underweight rating on the industrial products company's stock.”

— Morgan Stanley, Analyst

“Barclays raised their target price on Lincoln Electric from $280.00 to $310.00 and gave the stock an 'overweight' rating.”

— Barclays, Analyst

“KeyCorp upped their price target on Lincoln Electric from $280.00 to $340.00 and gave the company an 'overweight' rating.”

— KeyCorp, Analyst

“Wall Street Zen lowered Lincoln Electric from a 'buy' rating to a 'hold' rating.”

— Wall Street Zen, Analyst

What’s next

Lincoln Electric is scheduled to report its next quarterly earnings results on Thursday, May 15, 2026. Investors will be watching closely to see if the company can maintain its strong financial performance and growth trajectory in the face of economic headwinds.

The takeaway

The mixed analyst views on Lincoln Electric highlight the complex dynamics facing the industrial manufacturing sector. While some see continued growth potential, others are more cautious about the company's near-term outlook. Monitoring Lincoln Electric's performance and the broader trends in the industrial space will be crucial for investors seeking to understand the health of the US economy.