BofA Raises ESAB Price Target to $150
BofA raised the firm's price target on ESAB to $150 from $147 and keeps a Buy rating on the shares after the company announced an agreement to acquire Eddyfi, a leader in inspection and monitoring technology, for $1.45B while also announcing preliminary Q4 results and 2026 guidance. The firm, which views the 2026 outlook as "conservative and achievable," raised its 2026 EBITDA estimate 1% to $585M on the updated outlook. The firm likes the deal, but senses some "digestion" ahead as it believes there is some investor apprehension around the transaction multiple, the analyst added.
