Linde: Deutsche Bank ups target price
(CercleFinance.com) - Deutsche Bank on Thursday raised the target price on shares of Linde to 220 euros from 200 euros previously, following a "solid" third-quarter release.
The broker said in a note that these results "mark Linde's third straight "beat and raise" since Praxair and Linde AG have started to be integrated.
"Once again merger synergies drove the beat (...) and which more than offset a weak macro environment," it added.
Also, price effect were solid in the quarter, Deutsche Bank noted.
The broker reiterated its "buy" recommendation on the share.
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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.
The broker said in a note that these results "mark Linde's third straight "beat and raise" since Praxair and Linde AG have started to be integrated.
"Once again merger synergies drove the beat (...) and which more than offset a weak macro environment," it added.
Also, price effect were solid in the quarter, Deutsche Bank noted.
The broker reiterated its "buy" recommendation on the share.
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.