Mizuho lowered the firm’s price target on Linde (LIN) to $495 from $520 and keeps an Outperform rating on the shares after the company’s CEO, CFO and COO hosted sessions for the sell-side and selected investors. The company reiterated 4-6% each, or 8-12% combined, trendline EPS growth from price/productivity and capital allocation, notes the analyst, who lowers the firm’s target on lower market and peer multiples.
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