Linde (LIN): New Buy Recommendation for This Basic Materials Giant
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Linde yesterday and set a price target of $490.00.
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According to TipRanks, Viswanathan is an analyst with an average return of -1.8% and a 46.00% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman.
In a report released on December 17, Citi also reiterated a Buy rating on the stock with a $520.00 price target.
Based on Linde’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.62 billion and a net profit of $1.93 billion. In comparison, last year the company earned a revenue of $8.36 billion and had a net profit of $1.55 billion
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LIN in relation to earlier this year.
