Linde price target raised to $510 from $460 at BMO Capital

BMO Capital analyst John McNulty raised the firm’s price target on Linde to $510 from $460 and keeps an Outperform rating on the shares after meeting with its CFO. The company’s s business fundamentals remain strong on pricing, volumes, and productivity, while the management focus remains on shareholder returns and growth opportunities around clean energy, the analyst tells investors in a research note. Linde’s solid free cash flow should also help the company continue to enjoy double-digit EPS growth, BMO added.