Linde (LIN) PT Raised to $352 at Jefferies

Jefferies analyst Laurence Alexander raised the price target on Linde (NYSE: LIN) to $352.00 (from $320.00) while maintaining a Buy rating.

The analyst commented, "With Q1 $0.23 above consensus and $0.25 above our forecast, and an upbeat Q2 outlook grounded in a broad-based improvement in order trends in April, Linde's 2H21 outlook appears conservative. If the US infrastructure bill advances and EU demand accelerates, we expect the 2021 range of $9.60-$9.80 to be increased by another 2%-5%."

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