BMO Capital analyst John McNulty has maintained their bullish stance on LIN stock, giving a Buy rating today.
John McNulty has given his Buy rating due to a combination of factors that suggest Linde is well-positioned for future growth. The management of Linde has demonstrated confidence in their growth strategy, focusing on stable pricing, a robust backlog, and strategic buybacks. Despite some uncertainties in end-market demand and macroeconomic factors, the company has managed to offset volume softness with favorable foreign exchange movements.
Furthermore, Linde’s pricing strategy remains strong, with expectations to pass through inflation-driven pricing across all regions. The company is on track to meet its organic EPS growth target of 8-11% by 2025, supported by efficiency gains, new projects, and a normalized energy cost environment. Additionally, Linde’s focus on clean energy projects is expected to accelerate long-term earnings growth, contributing to potential multiple expansions. These factors collectively underpin McNulty’s optimistic outlook and Buy rating for Linde’s stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $510.00 price target.
LIN’s price has also changed slightly for the past six months – from $465.110 to $454.070, which is a -2.37% drop .
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