Wells Fargo Maintains Overweight Rating for Linde: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has reaffirmed its Overweight rating on Linde (NASDAQ:LIN) and increased its price target from $470.00 to $480.00. Linde's shares have risen 0.63% in the last 24 hours to $418.18. The new price target suggests a potential 14.78% upside. Linde, the world's largest industrial gas supplier, reported $33 billion in revenue and $5.4 billion in GAAP operating profit for 2022.
February 07, 2024 | 5:00 pm
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POSITIVE IMPACT
Wells Fargo maintains Overweight rating on Linde and raises price target to $480. Linde's shares are currently up, with the new target suggesting a 14.78% potential increase.
The reaffirmation of the Overweight rating and the increase in price target by Wells Fargo are strong positive signals for Linde. Given Linde's position as the largest industrial gas supplier and its solid financial performance in 2022, the raised target is likely to foster investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100