UBS maintains neutral stance on Linde with price target of 505 dollars

UBS has given Linde PLC a "Neutral" rating and a price target of $505 after the company's third-quarter results.

According to analyst Joshua Spector, Linde's forecast for the final quarter was lower than expected, indicating a cautious outlook for the industrial gases group.

Spector believes that Linde will continue to perform consistently, but he does not expect a significant increase in earnings per share in the near future.

The report, published on October 31, 2024, highlights the challenges that the company faces in meeting market expectations.

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