Lincoln Electric (LECO) Price Targets Lowered at Morgan Stanley and Stifel Ahead of 2026 Reset

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is included among the 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now.

On January 12, Morgan Stanley analyst Angel Castillo trimmed the firm’s price target on Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to $208 from $209 and maintained an Underweight rating on the stock. The update came after Morgan Stanley made routine model changes in its weekly note covering the Machinery and Construction group.

Earlier, on December 16, Stifel analyst Nathan Jones lowered Stifel’s price target on Lincoln Electric to $252 from $265, while keeping a Hold rating. In the note, the analyst said growth in diversified industrials during 2025 has mostly been driven by tariff-related price increases, which again highlights the group’s strong pricing power. Volumes, meanwhile, have generally been flat to slightly lower. Looking ahead, the firm expects 2026 volume growth to improve mainly as inventory destocking fades, along with pricing carryover supporting low- to mid-single-digit revenue growth next year.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is best known for its welding products, industrial automation solutions, and cutting equipment. The company’s strategy leans on steady customer demand and tight cost control. Its strong brand and reputation for product quality help support customer loyalty and keep it well positioned in a mature industry. Ongoing investment in technology, along with a skilled workforce, also adds to its competitive edge.

While we acknowledge the potential of LECO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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