Analyst John McNulty of BMO Capital maintained a Buy rating on Linde (LIN – Research Report), with a price target of $510.00.
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John McNulty has given his Buy rating due to a combination of factors that highlight Linde’s competitive strengths and growth potential. The company’s successful track record at the Clear Lake ATR site has positioned it well for securing significant projects such as those with Woodside, DOW, and CF, showcasing its ability to win in the low-carbon solutions market. Linde’s expertise in managing complex ATR operations and its ability to customize offerings have been pivotal in capturing new business opportunities, particularly in the low-carbon sector.
Moreover, Linde’s extensive network density, including a substantial USGC footprint with 700 miles of H2 pipeline and numerous facilities, enhances its competitive edge and ability to achieve market-leading returns. The integrated business model supports robust price and volume growth, efficiency gains, and new project developments. Additionally, the anticipated acceleration in long-term earnings growth, driven by clean energy projects, is expected to contribute to multiple expansions and sustained double-digit EPS growth over the coming years.
According to TipRanks, McNulty is a 3-star analyst with an average return of 1.1% and a 51.17% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Chemours Company, LyondellBasell, and DuPont de Nemours.
In another report released on June 25, Wells Fargo also reiterated a Buy rating on the stock with a $540.00 price target.