UPDATE: Credit Suisse Starts Linde (LIN) at Outperform

Credit Suisse analyst John Roberts initiates coverage on Linde (NYSE: LIN) with a Outperform rating and a price target of $380.00.

The analyst comments "LIN is the largest global producer of industrial gases. Oxygen demand benefits from healthcare & biologicals growth, as well as more energy efficient combustion O2 versus air. Nitrogen is highly inert, with demand benefitting from high purity applications like semiconductors and food freezing. And hydrogen is transitioning from enabling clean liquid fuels to a future hydrogen economy. The company continues to show strong growth with new wins in electronics and refining which should support double-digit EPS growth. In addition, robust share repo program (~$4B/year) should continue to support the stock."

For an analyst ratings summary and ratings history on Linde click here. For more ratings news on Linde click here.

Shares of Linde closed at $329.63 yesterday.

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