Linde: UBS raises target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Linde shares, having increased its target price for them from 325 euros to 350 euros, with its new target price implying upside potential of 25% for the German industrial gas supplier's shares.


"Linde continues to deliver higher cash conversion than peers and we forecast ROIC will double over the next five years," the broker summarised.


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