Fly News Breaks for March 22, 2019
Mar 22, 2019 | 07:37 EDT
Argus analyst Bill Selesky initiated Linde with a Hold rating, saying that while the company should "benefit from significant Praxair merger synergies" over the next 3 years and from increased demand for industrial gases, he also expects the "specialty chemicals industry to face challenges from slower global economic growth in 2019." With the company's 2019 sales growth projections slowing from 2018 to 5%, the analyst believes that a neutral rating is appropriate.
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