Linde price target raised to $530 from $495 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Linde (LIN) to $530 from $495 and keeps an Overweight rating on the shares. The underlying operating environment remains challenging, but the firm expects Linde to exhibit better growth in 2026 than in 2026 given fewer/less intense headwinds, likely increased productivity/self-help, the benefits from project startups/bolt-on acquisitions, foreign exchange tailwinds, and hopefully some modest macro improvement as the year progresses.