Linde: shares up as UBS raises target
(CercleFinance.com) - Linde shares are up 1.
3% at 151.7 euros on Thursday, outperforming a 0.6% rise in the DAX index, as UBS raises its target price for the German industrial gases maker from 158 euros to 170 euros and repeats its "buy" rating on the stock.
"Linde offers sustainable earnings growth and the potential of further buybacks," UBS says in a preview note.
The broker says the company's "under-leveraged balance sheet" should allow further cash returns of up to 7 billion dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3% at 151.7 euros on Thursday, outperforming a 0.6% rise in the DAX index, as UBS raises its target price for the German industrial gases maker from 158 euros to 170 euros and repeats its "buy" rating on the stock.
"Linde offers sustainable earnings growth and the potential of further buybacks," UBS says in a preview note.
The broker says the company's "under-leveraged balance sheet" should allow further cash returns of up to 7 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.