Fly News Breaks for November 14, 2019
Nov 14, 2019 | 06:57 EDT
BMO Capital analyst John McNulty raised his price target on Linde plc to $218 and kept his Outperform rating after its Q3 earnings beat and raised FY19 guidance. The analyst says the quarter was helped by "continued solid pricing" in all regions as well as synergy and efficiency gains, even though a tough operating environment persisted in Europe and Asia. McNulty further notes that the management maintained its conservative outlook due to "slowing industrial demand", but the analyst remained positive on the company's "visible earnings growth" and ample free cash flows.
News For LIN From the Last 2 Days
Jul 30, 2021 | 13:55 EDT
The guidance assumes 3% currency tailwind versus prior year and 1% headwind sequentially.
Jul 28, 2021 | 06:54 EDT
Linde announced it has started up its new on-site facility in Qinzhou, China, supplying oxygen and other industrial gases to Shanghai Huayi's new chemical complex. The new facility is comprised of three air separation units which will supply up to 7,500 tons per day of oxygen and 5,000 tons per day of nitrogen. By supplying the various Shanghai Huayi companies from one central facility, Linde will operate more efficiently, lowering its energy consumption and carbon emissions. The total investment for this new facility was approximately $200M.