Linde upgraded to Buy at Seaport Research after ‘solid’ Q3 report

As previously reported, Seaport Research analyst Michael Harrison upgraded Linde (LIN) to Buy from Neutral with a $500 price target Linde’s “solid” Q3 results and maintained midpoint of guidance underscore the company’s ability to execute in spite of near-term challenges, the analyst contends. While the firm remains cautious on the near-term macro environment, it calls Linde “a high-quality defensive name to weather challenges” and sees it being able to capitalize on opportunities as the environment improves as the firm believes volume could be turning a corner for the first time in three years.