UBS analyst Joshua Spector assumed coverage of Linde with a Buy rating with a price target of $480, up from $445. Linde has employed a more balanced capital allocation approach and maintained a growing high quality backlog relative to peers, the analyst tells investors in a research note. The firm is modeling a ~11% EPS CAGR, and is projecting 2025E/2026E EPS of $17.10/$18.95, 2% and 6% above consensus, respectively.
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