Linde price target raised to $475 from $450 at Citi

Citi analyst Patrick Cunningham raised the firm’s price target on Linde (LIN) to $475 from $450 and keeps a Buy rating on the shares. The firm is adjusting 2024 EPS estimates across specialty chemicals about 3% downward and trimming its lithium estimates, the analyst tells investors in a North America Specialty Chemicals and Industrial Gases 2024 outlook note. The firm’s new order of coverage top picks is PPG (PPG), Axalta Coating (AXTA) and Linde, the analyst noted.