Wells Fargo Maintains Overweight Rating for Linde: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Linde LIN and raise its price target from $470.00 to $480.00.

Shares of Linde are trading up 0.63% over the last 24 hours, at $418.18 per share.

A move to $480.00 would account for a 14.78% increase from the current share price.

About Linde

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue and $5.4 billion in GAAP operating profit in 2022.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.