Linde price target raised to $516 from $495 at BofA

BofA analyst Steve Byrne raised the firm’s price target on Linde to $516 from $495 and keeps a Buy rating on the shares. Despite a Q2 beat, guidance “remains conservative in our view,” says the analyst, who sees further sequential volume growth given the company’s recent performance, particularly in F&B, Electronics, Chemicals & Energy, and Manufacturing.