HSBC Maintains Buy on Linde, Lowers Price Target to $452
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Martin Evans maintains a Buy rating on Linde (NASDAQ:LIN) but lowers the price target from $458 to $452.
May 06, 2024 | 4:30 pm
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HSBC maintains a Buy rating on Linde but lowers the price target from $458 to $452.
The adjustment in price target by HSBC reflects a slight modification in valuation expectations for Linde, though the Buy rating indicates continued confidence in the company's performance. The reduction in price target might cause short-term concern among investors, but the maintained Buy rating suggests underlying strength in Linde's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100