Analyst John Roberts CFA from Mizuho Securities maintained a Buy rating on Linde (LIN – Research Report) and keeping the price target at $510.00.
John Roberts CFA has given his Buy rating due to a combination of factors that highlight Linde’s stability and potential for growth in a challenging economic environment. The company’s performance in the industrial gases sector, which serves as a reliable indicator of industrial cycles, remains stable across both consumer and industrial-facing segments. This stability is particularly evident in key markets such as Canada and Mexico, where customer behaviors have remained consistent.
Additionally, Linde’s strategic positioning in essential sectors like healthcare, food and beverage, and electronics contributes to its resilience. Despite some currency headwinds, the impact is less severe than anticipated, with certain currencies strengthening to offset others. Furthermore, while regions like China and Europe are in holding patterns, the potential for policy changes could present future opportunities. These factors collectively support the Buy rating, reflecting confidence in Linde’s ability to navigate and thrive amidst economic uncertainties.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $510.00 price target.
LIN’s price has also changed slightly for the past six months – from $465.110 to $454.070, which is a -2.37% drop .
Questions or Comments about the article? Write to editor@tipranks.com