{
}
Saudi Aramco has launched the Kingdom's first direct air capture test unit, capable of removing 12 tonnes of CO2 annually, in partnership with Siemens Energy. This initiative supports Saudi Arabia's goal of achieving net-zero emissions by 2060 and aligns with the Saudi Green Initiative to reduce carbon emissions by 278 million tonnes by 2030. The facility will serve as a testing ground for next-generation CO2 capture materials tailored to the region's climate, while also paving the way for large-scale DAC facilities in the future.
UBS has lowered its price target for Air Products & Chemicals Inc. to $370 from $395 while maintaining a Buy rating, citing confidence in new management and a more achievable earnings guidance. Despite a recent 12% stock decline, the company has a strong dividend history and is expected to see long-term growth, with analysts suggesting a potential upside of over 25% in the next year. Meanwhile, Air Products announced a pre-tax charge of up to $3.1 billion due to exiting three major projects, although it reassured that adjusted earnings per share for fiscal 2025 would remain unaffected.
UBS has upgraded its price target for Linde plc from $465 to $485 while maintaining a 'Neutral' rating. The industrial gases group met expectations in its quarterly performance, although the outlook for 2025 fell slightly short. As of February 6, 2025, Linde shares are trading at €430.8, down 1.28%.
UBS has raised its price target for Linde PLC from $465 to $485, maintaining a "Neutral" rating following the company's quarterly results. Analyst Joshua Spector noted that while the performance was largely in line with expectations, the outlook for 2025 fell slightly short.
UBS has maintained a "Neutral" rating for Linde PLC with a target price of $505. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices significantly, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemicals sector.
Linde plc is a leading global engineering and production group specializing in industrial gases, with 89.5% of sales from this sector. Key markets include chemicals and energy (22%), manufacturing (22%), and healthcare (17%). Geographically, the U.S. accounts for 32.2% of sales, followed by Germany (8.6%) and China (7.8%).
Linde, a leading industrial gases producer, is poised for robust growth with a strong net margin of 19.0%, despite a slight decline in share price to EUR 436.70. The company anticipates capital expenditures of USD 4.0 to 4.5 billion in 2024 and expects adjusted earnings per share for Q4 to be between USD 3.86 and USD 3.96, slightly below market estimates. With significant revenue from North America and increasing demand in healthcare and technology sectors, Linde remains resilient amid fluctuating market conditions.
The dry ice market is poised for significant growth, driven by increasing demand in food preservation, healthcare, and industrial cleaning. Key players are innovating production methods and expanding logistics capabilities, particularly in e-commerce, while environmental concerns prompt a shift towards sustainable practices. Notable market developments include strategic acquisitions by leading companies to enhance their competitive positions.
UBS has maintained a "Neutral" rating on Linde plc, setting a target price of $505 following the company's third-quarter results. Analyst Joshua Spector noted that Linde's forecast for the final quarter fell short of expectations, although he anticipates consistent performance without a reacceleration in earnings per share growth.
Linde plc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Saudi Aramco launches direct air capture technology to cut emissions
14:54 20.03.2025
ubs lowers air products price target to 370 while maintaining buy rating
15:50 14.03.2025
ubs raises linde price target to 485 maintains neutral rating
15:05 06.02.2025
UBS raises Linde PLC price target while maintaining neutral rating
15:05 06.02.2025
UBS Maintains Neutral Rating for Linde Amid European Gas Market Speculations
14:45 09.12.2024
Linde PLC Overview: Global Leader in Industrial Gases and Engineering Services
14:33 09.12.2024
Linde anticipates growth despite cautious outlook amid global market challenges
03:15 04.12.2024
growth and innovation drive expansion of the dry ice market
Chinese Yuan
Japanese Yen
United States Dollar
British Pound Sterling
Euro
Linde plc
L'Air Liquide S.A.
DEU
GBR
USA
CHN
JPN
Nikhil Kaitwade
Show more
12:32 15.11.2024
ubs maintains neutral rating on linde with target price of 505 dollars
14:21 31.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Government Economic Policies
Workplace Trends
Stock Market Updates
Industry Mergers & Acquisitions
Fintech Startups
Venture Capital Investments
Finance Mergers & Acquisitions
CEO Changes
Financial Scams and Security
Emerging Startups
Cryptocurrency Trends
Cryptocurrency & Blockchain Regulations
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Delhivery Limited
Ecom Express Ltd.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
UWS JP Morgan EM A OSB
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Concrete Credit Limited
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
South Korean Won
Algerian Dinar
Vietnamese Đồng
Indonesian Rupiah
Australian Dollar
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
Pakistani Rupee
People: