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Fly News Breaks for January 15, 2019
LIN, PX
Jan 15, 2019 | 09:16 EDT
SunTrust analyst James Sheehan initiated Linde (LIN) with a Buy rating and a price target of $185 in the wake of its merger with Praxair (PX) that was closed in Q4 of last year. The analyst says he is optimistic about the combined businesses based on their "strong complementarity". Sheehan also cites the "relative stability" of industrial gas at this point of the economic cycle and the high visibility of the company's expected 16% earnings growth this year - above the average rate of increase for its peers - thanks to the "synergy capture and continued strong organic growth trends."
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