Linde (LIN – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Laurence Alexander from Jefferies maintained a Buy rating on the stock and has a $535.00 price target.
Laurence Alexander has given his Buy rating due to a combination of factors that suggest a positive outlook for Linde’s future performance. The anticipated growth in sectors such as electronics, food and beverage, and healthcare is expected to drive sales and earnings per share by 2025, despite challenges in the cyclical markets like metals and energy.
Additionally, while there are uncertainties related to trade policies and potential policy shifts, the company’s focus on on-site volumes and productivity improvements is likely to sustain its sales growth and protect margins. Moreover, Linde’s involvement in sustainable projects, particularly those benefiting from 45Q tax credits, positions it well even amid policy uncertainties, indicating a stable foundation for future growth.