Morgan Stanley Boosts Lincoln Electric Price Target

Analysts raise target for industrial products company to $247

Mar. 30, 2026 at 6:22pm

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Morgan Stanley has increased its price target for shares of Lincoln Electric (NASDAQ:LECO) from $240 to $247, while maintaining an 'underweight' rating on the stock. The industrial products company's stock is currently trading around $245.

Why it matters

This price target adjustment by a major investment bank provides insight into Wall Street's view of Lincoln Electric's near-term prospects. As a leading manufacturer of welding equipment and solutions, the company's performance is seen as an indicator of broader industrial and manufacturing trends.

The details

In a research report, Morgan Stanley analysts cited Lincoln Electric's strong financial position and growth potential as factors behind the increased price target, even as they maintained a cautious 'underweight' rating on the stock. The analysts noted that Lincoln Electric has benefited from robust demand in key end markets like automotive and construction.

  • Morgan Stanley issued the updated price target and rating on March 30, 2026.

The players

Morgan Stanley

A global financial services firm that provides investment banking, securities, wealth management and investment management services.

Lincoln Electric

A global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems.

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The takeaway

This price target adjustment by Morgan Stanley suggests that Wall Street sees continued growth potential for Lincoln Electric, despite maintaining a cautious overall rating on the stock. The company's strong position in the industrial manufacturing and welding equipment markets makes it an important bellwether for the broader economy.