Deutsche Bank analyst David Begleiter raised his price target for Linde plc to $240 from $215 citing the company's "solid" Q3 results. The results mark Linde's third straight "beat and raise" since the operations of Praxair and Linde AG were fully integrated on February 28, Begleiter tells investors in a research note. He keeps a Buy rating on the shares.

Linde announced it has signed two agreements with China South Steel, a member of the China Baowu Steel Group Corporation, one of the world's largest steel enterprises. Linde has signed an agreement to de-captivate an air separation unit, or ASU, at China South Steel's plant in Shaoguan, Guangdong Province. Linde already owns and operates five on-site ASUs to supply industrial gases to China South Steel in Shaoguan and will now de-captivate and upgrade a sixth. The agreement brings Linde's total on-site production capacity in Shaoguan to approximately 130,000 cubic meters per hour. In addition to the de-captivation, Linde has extended its long-term agreement with China South Steel for the supply of industrial gases at Shaoguan. Linde's industrial gases complex also meets demand from Linde's local merchant customers.