$ESAB

ESAB launched ROBBI AI™, a cobot system using physical AI for real-time MIG and TIG welding decisions. It adapts to changing conditions, learns from welds, and reduces operator intervention. The system works with EWM Titan XQ, EWM Tetrix XQ, or ESAB Aristo Edge power sources, targeting hard-to-automate applications like pipe fabrication and TIG welding.

Stifel reduced its price target for ESAB Corp. (NYSE:ESAB) to $114 from $132, citing international headwinds and a 33% stock decline in Q3 2026. The stock trades at $65.35, down 41% YTD. ESAB's Q2 2026 revenue beat estimates at $807.63M, but EPS missed at $1.33. Stifel maintains a Buy rating, noting solid cash flow and undervaluation.

Several stocks fell after Middle East tensions and rising oil prices. Terex (TEX) -3.5%, ESAB (ESAB) -4.2%, Allison Transmission (ALSN) -2.9%, Rocket Lab (RKLB) -4.4%, and Bloom Energy (BE) -5%. Bloom Energy's volatility noted, up 181% YTD but -19.8% from 52-week high. Higher Treasury yields and geopolitical risks drove market declines.

Analysts updated ratings and price targets for several companies. Constellation Brands (STZ) was downgraded to hold with a target of $135. Etsy (ETSY) was downgraded to neutral with a target of $77. Micron (MU) was upgraded to outperform with a target of $1,202. Hilton (HLT) was upgraded to outperform with a target of $370. Other companies also received rating changes and target adjustments.

ESAB's stock has fallen 40.4% year-to-date to $67.15, 50.2% below its 52-week high of $134.82. The article also mentions other companies with declining shares.

ESAB (ESAB) reported Q2 2026 core sales of $766 million, up 13% year over year, with 2.5% core organic growth. Adjusted EBITDA was $150 million, up 8%, and margin was 19.5%. Full-year guidance: core sales $3.0-$3.1B, adjusted EBITDA $615-$625M, adjusted EPS $5.40-$5.50, including Eddyfi. Middle East sales fell 10%-11% amid conflict.

Indian benchmarks extended losses. The Nifty 50 fell 35.75 points, or 0.15%, to 24,435.95, and the Sensex dropped 187.90 points, or 0.24%, to 77,966.35. Tata stocks and IT shares weighed after Tata Sons chairman N Chandrasekaran said he will not seek reappointment. TCS fell 3.93% and Infosys 1.23%. India CPI inflation rose to 4.45% in July, from 4.38% in June.

India’s Sensex and Nifty fell in mid-morning trade, pressured by selling in index heavyweights and ahead of domestic inflation data. At 11:25 IST, Sensex was down 520.20 points (0.67%) to 77,633.13 and Nifty down 172.40 points (0.71%) to 24,299.05. Consumer durables stocks declined. IPO bids were reported for Shiprocket India, Behari Lal Engineering, and others.

India’s Sensex fell 614.37 points (0.78%) to 77,537.19 and Nifty 50 dropped 190.30 points (0.77%) to 24,283.05 in early-afternoon trade, pressured by selling in heavyweight stocks. Investors awaited domestic inflation data and Q1 FY27 earnings. Nifty Realty fell 1.08% to 879.50. DAM Capital Advisors fell 4.05% on profit decline; ESAB India rose 4.25% on higher profit and sales.

ESAB reported Q2 revenue of $807.6 million, above analysts’ $787.2 million, with adjusted EPS of $1.33 versus $1.37 expected. Adjusted EBITDA was $151.4 million, slightly above estimates. Full-year adjusted EPS guidance of $5.45 and EBITDA guidance of $620 million both missed. Management cited equipment and automation strength and Eddyfi integration, while Middle East revenue fell due to geopolitical disruption and higher logistics costs.