Lincoln Electric Holdings

LECO's stock suffers from investors' fears, but the world's leader in welding and cutting equipment has plenty to gain from industrial growth in emerging markets

Lincoln Electric Holdings (LECO; $70.60), the world's largest manufacturer of consumables and equipment for the welding and cutting industry, stands to benefit over the next several years from strong demand for its specialty welding products in international markets, especially Asia and Europe, and from the infrastructure, energy, and mining markets. We at Standard & Poor's Equity Research have our highest investment recommendation of 5 STARS, or strong buy, on the stock.

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