Linde price target lowered to $465 from $490 at Argus

Argus lowered the firm’s price target on Linde (LIN) to $465 from $490 but keeps a Buy rating on the shares. The analyst states that while the current macroeconomic conditions present near-term challenges considering the tariff environment and potential green energy pull back, the firm anticipates that management will be able to successfully navigate this downturn given strong business fundamentals and our expectations for strong demand in the long term. Linde also offers s a strong presence in many defensive end markets, including healthcare, food & beverages, and electronics that should generate consistent revenues even in a soft economic environment, the firm tells investors in a research note.