Why Did Oppenheimer Upgrade Lincoln Electric Holdings Stock?
In a report released today, Bryan Blair from Oppenheimer upgraded Lincoln Electric Holdings (LECO  Research Report) to Buy, with a price target of $147.00. The companys shares closed last Monday at $127.69, close to its 52-week high of $136.04. According to TipRanks.com, Blair is a 5-star analyst with an average return of 23.6% and a 69.2% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Altra Industrial Motion, and Mueller Water Products. Currently, the analyst consensus on Lincoln Electric Holdings is a Moderate Buy with an average price target of $141.14. See todays analyst top recommended stocks >>  Based on Lincoln Electric Holdings latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $757 million and net profit of $74.18 million. In comparison, last year the company earned revenue of $702 million and had a net profit of $55.56 million. Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Lincoln Electric Holdings, Inc. engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The firm offers CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through the following segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the companys global cutting, soldering and brazing businesses as well as the retail business in the United States. The company was founded on 1895 and is headquartered in Cleveland, OH.