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Linde (LIN) Receives a Buy from BMO Capital

In a report released today, John McNulty from BMO Capital maintained a Buy rating on Linde (LINResearch Report), with a price target of $405.00. The company’s shares closed last Friday at $305.26.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 6.1% and a 59.1% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $385.51, representing a 25.6% upside. In a report released today, Deutsche Bank also maintained a Buy rating on the stock.

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Based on Linde’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.67 billion and net profit of $979 million. In comparison, last year the company earned revenue of $6.86 billion and had a net profit of $700 million.

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Founded in 2017, UK-based Linde Plc is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde generates revenues through the following segments: Americas, EMEA (Europe, Middle East & Africa), APAC (Asia Pacific), Engineering and Others.

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