Linde price target lowered to $520 from $523 at BofA

BofA lowered the firm’s price target on Linde (LIN) to $520 from $523 and keeps a Buy rating on the shares. Despite being “best in class,” Linde is not immune to volume challenges in industrial gas, notes the analyst, who points out that guidance for Q4, while matching the Street, implies just about 4.5% year-over-year EPS growth, down from the 7% growth in Q3. While “disappointing” guidance missed the firm’s estimates, the firm expects growth can reaccelerate in 2026, the analyst tells investors.