Erste Group analyst Hans Engel downgraded Linde (LIN) to Hold from Buy. Linde is benefiting from its market position in a steadily growing market segment, and while the operating margin remains at a strongly above-average level, the environment has deteriorated following the U.S. elections, particularly in the U.S., the analyst tells investors in a research note. President-elect Donald Trump’s energy policy will put the focus back on traditional energy sources, which should slow down sales growth in important Linde segments, the firm adds.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LIN:
- Linde downgraded to Hold from Buy at Erste Group
- Linde Announces Leadership Transition in APAC Region
- Linde price target raised to $530 from $520 at Mizuho
- Linde price target raised to $515 from $510 at Deutsche Bank
- Linde Plc Reports Stable Q3 2024 Financial Performance
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
