JPMorgan raised the firm’s price target on Linde to $430 from $420 and keeps an Overweight rating on the shares post the Q4 report. The analyst says Linde’s earnings growth for 2024 is built on price increase and cost management. Base case volumes are probably flat to higher and Linde can reduce its share base while having better control over its financial leverage and interest costs because of its free cash flow generation, the analyst tells investors in a research note.
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Read More on LIN:
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