Linde price target lowered to $490 from $540 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Linde (LIN) to $490 from $540 but keeps an Outperform rating on the shares after attending the company’s annual investor event. CEO Lambda hinted at his new Growth6 strategy, which may provide a needed third non-macro dependent element to ensure double-digit EPS growth, especially if European de-industrialization continues, global trade restrictions persist and the consumer remains pressured by declining affordability, the analyst tells investors in a research note. RBC adds that continued weak IP, with negative Europe, flattish Americas, and low-mid single digit Asia growth in 2026, could result in a 1%-3% EPS drag from volume headwinds.