BMO Capital analyst John McNulty raised the firm’s price target on Linde to $477 from $475 and keeps an Outperform rating on the shares. Linde continues to execute in a difficult macro, calling for 8%-10% EPS growth despite no volume growth, the analyst tells investors in a research note. The firm expects Linde’s backlog to expand in 2H24 and 2025, with rates coming down and clean second half markets starting to materialize.
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