Linde price target raised to $380 from $340 at JPMorgan

JPMorgan analyst Jeffrey Zekauskas raised the firm’s price target on Linde to $380 from $340 and keeps an Overweight rating on the shares post the Q4 beat. The analyst thinks the announcements of new projects are likely to lead Linde to trade relatively well in comparison to its industrial gas peers over the coming months. The firm expects Linde to earn $13.20 in 2023 versus a previous estimate of $12.80 due to better pricing.