Oppenheimer Boosts ESAB Price Target to $148 Citing Growth Prospects
Oppenheimer has increased its price target for ESAB, a manufacturer of welding equipment, to $148 from $142 while sustaining an Outperform rating. Despite an 8% decline in ESAB's shares since its Q2 earnings announcement, the firm anticipates a 19% potential upside based on improved growth outlook and margin expansion. The analyst acknowledges rece…