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Investing.com - Bernstein lowered its price target on Linde (NASDAQ:LIN) to $516.00 from $519.00 on Monday, while maintaining an Outperform rating on the industrial gas company. Currently trading at $418.30, Linde remains well below Bernstein’s target but also below its 52-week high of $486.38. According to InvestingPro data, analysts maintain a bullish consensus with price targets ranging from $381 to $576.
The firm’s adjustment follows Linde’s third-quarter 2025 results, which marked the company’s 27th consecutive earnings beat, though guidance was narrowed rather than raised as some investors might have expected.
Despite the slight price target reduction, Bernstein emphasized that Linde has achieved approximately 8% adjusted EPS growth over 2023-2025 despite operating in what it describes as an "industrial recession" for almost two years with base volumes declining around 2%. The company reported diluted EPS of $14.94 for the last twelve months, with analysts forecasting $16.63 for fiscal year 2025.
Bernstein characterized the current situation as a "buying opportunity," noting that Bloomberg consensus expectations call for roughly 9% EPS growth in both 2026 and 2027, while Linde’s multiples are trading below historical averages both on absolute and relative bases. With a P/E ratio of 27.98 and a market capitalization of $196.36 billion, InvestingPro analysis suggests Linde is slightly overvalued compared to its Fair Value estimate. The company maintains a "GOOD" overall financial health score of 2.66.
The research firm highlighted several Linde-specific growth catalysts including Woodside, space, and electronics sectors, along with structural trends such as nearshoring and decarbonization that position the company favorably despite current industrial production challenges. Linde offers a 1.43% dividend yield with 7.91% dividend growth in the last twelve months, providing income potential alongside its growth prospects. The company’s next earnings report is scheduled for February 5, 2026.
In other recent news, Linde PLC announced its third-quarter 2025 earnings, which exceeded analysts’ expectations. The company reported earnings per share (EPS) of $4.21, surpassing the forecasted $4.18. However, Linde’s revenue slightly missed projections, coming in at $8.6 billion compared to the anticipated $8.61 billion. Despite the positive earnings surprise, the slight revenue shortfall contributed to a mixed reaction from investors. These developments reflect the company’s ongoing financial performance and market dynamics. Analysts and investors continue to monitor Linde’s results closely, considering both the earnings beat and the revenue miss in their assessments.
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