Linde price target raised to $480 from $470 at Citi

Citi raised the firm’s price target on Linde to $480 from $470 and keeps a Neutral rating on the shares. The firm updated estimates for the remainder of its chemicals coverage ahead of Q2 earnings. It sees the most weakness in lithium for Q2 and the balance of the year, with continued price declines and few signs of supply cuts. Citi maintains its constructive end-market view on electronics and flavors and fragrances.