Linde: UBS raises target price to 190 euros
(CercleFinance.com) - UBS raised its target price for the Linde share from 185 euros to 190 euros on Tuesday, citing potential upgrades to the German indistrial gases maker's earnings guidance.
Cost savings and organic growth of about 4%-5% will result in EPS coming in ahead of 2019 guidance, the broker wrote in a note.
UBS also believes that balance sheet should allow further cash returns of approximately 7 billion dollars.
The broker reiterated its "buy" rating on the stock.
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Cost savings and organic growth of about 4%-5% will result in EPS coming in ahead of 2019 guidance, the broker wrote in a note.
UBS also believes that balance sheet should allow further cash returns of approximately 7 billion dollars.
The broker reiterated its "buy" rating on the stock.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.