Latest news with #JeffreyHammond
Yahoo
4 days ago
- Automotive
- Yahoo
KeyBanc Raises Lincoln Electric (LECO) Price Target, Maintains Overweight Rating
Lincoln Electric Holdings (NASDAQ: LECO) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Lincoln Electric Holdings (NASDAQ: LECO) received a price target increase from KeyBanc this week, with analyst Jeffrey Hammond raising the target from $225 to $250 while maintaining an Overweight rating on the shares. The move reflects optimism around the company's strong position in automated welding solutions and the continued growth in demand across industrial end markets. The updated valuation follows solid execution by Lincoln Electric in expanding its automation portfolio and enhancing profitability through a mix of product innovation and disciplined cost management. Analysts note the company's exposure to reshoring trends and increased capital spending in U.S. manufacturing as key drivers of long-term revenue growth. Shares of Lincoln Electric have gained momentum in recent months, outperforming peers amid rising investment in smart factory infrastructure and robotics. The company's focus on automation-enabling technologies positions it to benefit from both near-term industrial recovery and long-term modernization efforts. Lincoln Electric produces robotic welding systems and automation tools central to smart manufacturing, making it a core industrial automation stock. 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. READ NEXT: 10 Best Non-Mega Cap NASDAQ Stocks to Buy Right Now and 13 Cheap Stocks Under $50 to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Gates Industrial (GTES) Gets Target Hike as Margin Expansion Confidence Grows
Gates Industrial Chemical Corporation (NYSE:GTES) is one of the 8 cheap beginner stocks to buy right now. Jeffrey Hammond, a KeyBanc analyst, raised his price target for Gates Industrial Chemical Corporation (NYSE:GTES) from $23 to $26 on June 9 while maintaining the stock's rating of Overweight. This decision comes after meetings with investors and meetings with Ivo Jurek, the company's CEO. Gates Industrial is effectively controlling manageable elements to boost earnings without depending on higher volume, even as demand trends are erratic. By innovating and gaining market share, the company is also appears to be growing in its markets. Even in the absence of a notable end-market rebound, Hammond stated he is now more confident that Gates Industrial Chemical Corporation (NYSE:GTES) will be able to meet its margin targets by the end of 2026. This confidence is a result of the company's proven ability to improve profit margins and penetrate more markets. Gates Industrial Chemical Corporation (NYSE:GTES) is a multinational producer of fluid power and power transmission solutions. The company supplies products to original equipment manufacturers (OEMs) as well as replacement channel clients in a variety of industrial and consumer markets. While we acknowledge the potential of GTES 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. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
05-06-2025
- Business
- Business Insider
Advanced Drainage Systems (WMS) Gets a Buy from KeyBanc
In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Advanced Drainage Systems (WMS – Research Report). The company's shares closed yesterday at $117.54. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hammond is a 5-star analyst with an average return of 9.8% and a 60.10% success rate. Hammond covers the Industrials sector, focusing on stocks such as Hillenbrand, The Middleby, and Enpro. Currently, the analyst consensus on Advanced Drainage Systems is a Strong Buy with an average price target of $141.00, implying a 19.96% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $135.00 price target. WMS market cap is currently $9.44B and has a P/E ratio of 20.35. Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMS in relation to earlier this year. Most recently, in February 2025, DARIN S. HARVEY, the EVP, Supply Chain & Logistics of WMS sold 2,464.00 shares for a total of $308,000.00.
