Here's What Wall Street Thinks About Linde plc (LIN)

​Linde plc (NASDAQ:LIN) is one of the Best Non-US Stocks to Buy According to Hedge Funds. On December 17, BMO Capital reiterated a Buy rating on the stock with a price target of $501. Earlier on December 12, Kenneth Lee from RBC Capital also reiterated a Buy rating on the stock, but lowered the price target from $540 to $490.

​Analysts at BMO Capital noted that their bullish sentiment is based on Linde plc’s (NASDAQ:LIN) recent business review, which finds that the company has the potential to maintain and even exceed the EPS growth of 10% from multiple avenues. Moreover, the firm also likes the company’s growth potential, mainly in its core electrical segment and potential expansion in newer space application areas. Although the share price has fallen more than 8% over the past six months, BMO sees this as a buying opportunity.

​On the other hand, Kenneth Lee from RBC Capital noted that they reiterated the Buy rating after attending the company’s investor event, where management highlighted its Growth6 strategy. The strategy is a non-macro-dependent initiative to support double-digit EPS growth amid challenges like European de-industrialization, persistent global trade restrictions, and consumer affordability pressures. Despite the Buy rating, RBC remains cautious due to weak industrial production, which can result in EPS being dragged by 1%-3% due to volume headwinds.

​Linde plc (NASDAQ:LIN) is a global multinational chemical company and one of the world’s largest industrial gas suppliers.

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Disclosure: None. This article is originally published at Insider Monkey.