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Fly News Breaks for May 28, 2019
LIN
May 28, 2019 | 08:43 EDT
Jefferies analyst Laurence Alexander raised his price target for Linde plc to $216 from $205 and keeps a Buy rating on the shares. Further progress on integration, cost-cutting, portfolio optimization, and leveraging the combined portfolio to expand the opportunity set over the next few quarters should offset investor concerns about valuation multiples, Alexander tells investors in a research note. With recent project wins, the analyst forecast a 8% annual sales growth through 2023.
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