The analysis house Jefferies has lowered the price target for Linde, but left the rating at “Buy”.
Jefferies lowered its price target from $550 to $522. At the beginning of the new year, the focus at the gas manufacturer Linde was on the weaker than expected margins in the industrial business, the opportunities and risks arising from the decarbonization of the economy and the self-help potential, wrote analyst Laurence Alexander in a study available on Thursday. In just over a year, the dynamics on the end markets should improve, which will support the shares.
The Linde share was temporarily trading 0.68 percent lower at 415.82 US dollars in NASDAQ trading.
/gl/bek
Original study published: December 31, 2024 / 1:33 p.m. / ET
First distribution of the original study: January 2nd, 2025 / 00:00 / ET
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