Fly News Breaks for December 2, 2019
Dec 2, 2019 | 07:13 EDT
BMO Capital analyst John McNulty raised his price target on Linde plc to $230, kept his Outperform rating, and also lifted his expected FY20 EPS view by 8c to $8.10 after meeting with its CEO and CFO, saying the discussions have supported his confidence in the stock being a "core holding" for investors. The analyst notes that the company continues to drive a pricing cycle which he expects to last "at least the next few years". McNulty also sees the management improving Linde's efficiency and synergies while anticipating a better long-term environment for investments in tonnage.
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.