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ESAB - ESAB: Rating Downgrade As Valuation Has Gone Up Way Too Fast
ESAB Corporation
2024-03-11 23:23:29 ET
Summary
ESAB Corp's valuation has increased faster than expected, leading to a downgrade in its rating to hold.
Recent results show growth in revenue and improved margins, driven by organic growth and inorganic drivers.
ESAB's product portfolio continues to improve, with new products receiving positive feedback, but the current valuation may limit near-term upside potential.