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Investing.com - UBS maintained its neutral rating and $485.00 price target on Linde (NASDAQ:LIN) Friday following the industrial gas company’s recent investor event. Currently trading at $465.30, Linde’s stock has gained 11.66% year-to-date, with analyst targets ranging from $381 to $576. According to InvestingPro, the stock appears overvalued based on its proprietary Fair Value model.
The investor event highlighted Linde’s investments in low carbon hydrogen, artificial intelligence utilization, and technology investments targeting faster-growing markets including electronics, food, and aerospace sectors. With a market capitalization of $218.49B and annual revenue of $33.02B, Linde maintains a strong market position. InvestingPro data shows the company’s overall Financial Health Score is GOOD, supported by robust profitability metrics.
UBS noted that Linde management emphasized safety and reliability practices that drive productivity gains throughout the presentation, while a tour of the company’s Clear Lake operation showcased five years of operational learnings from running an ATR (autothermal reformer), of which there are only approximately 30 worldwide.
The research firm pointed to Linde’s recent win at the Blue Point Number One project in Louisiana, a joint venture between CF Industries (NYSE:CF), JERA, and Mitsui, as a significant achievement that establishes a stronger atmospheric gases footprint in a region where the company previously lacked density.
UBS highlighted that Linde’s network of gas production, pipelines and storage across the U.S. Gulf Coast—including the largest oxygen/nitrogen storage and largest hydrogen cavern in the region—positions the company competitively for future project opportunities.
In other recent news, Linde has signed a significant long-term agreement to supply industrial gases to Blue Point Number One’s low-carbon ammonia plant in Louisiana, with an investment exceeding $400 million. The project will involve the construction of an air separation unit, expected to commence operations in 2029, and will be the largest of its kind in the Mississippi River corridor. This development is part of Linde’s ongoing investments in the U.S. Gulf Coast industrial gases corridor. Additionally, Bernstein SocGen Group analysts have reiterated an Outperform rating for Linde, maintaining a price target of $500.00. The analysts emphasized Linde’s robust management of economic challenges and its ability to deliver consistent earnings growth. Linde has surpassed earnings per share expectations for 25 consecutive quarters and is anticipated to achieve a 7% EPS growth in 2025. Bernstein analysts also highlighted Linde’s strong position in the industrial gases sector, citing its efficient business model and profitability prospects amid industry changes and growth opportunities. The firm’s valuation and market leadership are supported by its performance and structural advantages in the sector.
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