BMO Capital raised the firm’s price target on Linde to $418 from $400 and keeps an Outperform rating on the shares. The company maintained its “beat and raise” consistency with a strong performance in Q2, the analyst tells investors in a research note, adding that Linde continues to see positive price/energy spread. Given the sequential volume improvement and normalization of global macro trends, the company should see double-digit earnings growth in 2023 and 2024, BMO added.
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