Mizuho, JPMorgan Turn Bullish on Linde (LIN) as Demand and Pricing Strength Improve

Linde plc (NASDAQ:LIN) is included among the 14 High Growth Dividend Paying Stocks to Invest in Now.

Mizuho, JPMorgan Turn Bullish on Linde (LIN) as Demand and Pricing Strength Improve

On March 17, Mizuho raised its price recommendation on Linde plc (NASDAQ:LIN) to $560 from $525. It maintained an Outperform rating on the shares. The firm said the Middle East conflict is easing pressure on the helium market.

A few days earlier, on March 13, JPMorgan analyst Jeffrey Zekauskas upgraded Linde to Overweight from Neutral and lifted the price target to $525 from $455. The analyst noted that the company appears better positioned for current market conditions than many other materials companies. He added that Linde’s chemical customers in the U.S. are expected to increase operating rates to benefit from higher export prices, according to a research note. The firm also pointed out that Linde tends to raise prices more quickly during periods of inflation.

Linde plc (NASDAQ:LIN) is a United Kingdom-based industrial gases and engineering company. Its operations are organized across the Americas, EMEA, APAC, and Engineering segments.

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