UBS analyst Joshua Spector upgraded Linde (LIN) to Buy from Neutral with a price target of $500, down from $507. The firm believes Linde’s earnings growth acceleration in 2026 will be a positive catalyst for the stock. The company offers an “defensive growth stock at an attractive risk/reward,” the analyst tells investors in a research note. UBS says Linde is currently trading at a 10% discount to its average multiple, consistent with where the stock has been when investors have shown lower confidence in growth.
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