Benzinga | Jan 6, 2022 02:59PM EST

Loop Capital Is Bullish On Lincoln Electric; Initiates Colfax With Hold

* Loop Capital analyst Chris Dankert initiated coverage of two Machinery companies.

* The analyst initiated Colfax Corp (NYSE:CFX) with a Hold rating and a price target of $45, implying a downside of 1.5%.

* Dankert mentions that Colfax is a story of "frequent" portfolio realignment, culminating with the impending split into separate FabTech/ESAB and MedTech/Enovis businesses through a tax-free spin during Q1.

* The analyst initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) with a Buy rating and a price target of $170, implying an upside of 21.6%.

* Dankert mentions that the stock provides a "highly attractive" risk-reward opportunity to play the secular trend of shop-floor automation and is well-positioned to benefit from an extended industrial upcycle.

* Price Action: CFX shares are trading lower by 0.55% at $45.58, and LECO shares are trading higher by 1.14% at $140.39 on the last check Thursday.