Linde price target raised to $420 from $400 at JPMorgan

JPMorgan analyst Jeffrey Zekauskas raised the firm’s price target on Linde to $420 from $400 and keeps an Overweight rating on the shares. The analyst has a more positive view of the company’s longer-term pricing post the Q2 results. The firm continues to believe that there is room for trading multiple expansion as the industrial gas companies book new projects in the hydrogen and clean energy sector.