Citigroup Downgrades Linde to Neutral, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Cunningham downgrades Linde (NASDAQ:LIN) from Buy to Neutral but raises the price target from $475 to $500.
April 10, 2024 | 4:48 pm
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NEUTRAL IMPACT
Citigroup downgraded Linde to Neutral from Buy, while increasing the price target to $500 from $475.
The downgrade to Neutral suggests a more cautious outlook on Linde's stock by Citigroup, potentially due to valuation or other concerns. However, the increase in the price target to $500 indicates an expectation of some positive performance. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100