Analyst Michael Sison of Wells Fargo maintained a Buy rating on Linde (LIN – Research Report), with a price target of $540.00.
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Michael Sison has given his Buy rating due to a combination of factors that highlight Linde’s strategic growth potential and resilience in challenging market conditions. Despite a weak industrial demand environment, Linde is effectively building a robust pipeline of high-quality industrial gas projects, which is expected to drive steady volume and earnings per share (EPS) growth. This sets Linde apart from its peers in the chemicals sector, where many companies face reduced outlooks.
Furthermore, Linde’s recent successes, such as the Clear Lake ATR project, demonstrate its engineering excellence and ability to secure significant clean energy projects. The company’s focus on growth, return on invested capital (ROIC), and productivity, along with its competitive edge in technology and service, positions it well for future project wins. Sison’s confidence in Linde’s business model and its capacity to generate solid EPS growth even in difficult times underpins the Buy rating.
In another report released on June 13, RBC Capital also initiated coverage with a Buy rating on the stock with a $576.00 price target.
LIN’s price has also changed slightly for the past six months – from $425.770 to $460.200, which is a 8.09% increase.