Bernstein SocGen cuts Linde stock price target on project analysis

Investing.com reports that Bernstein SocGen has reduced its price target on Linde stock to $563 from $564, while keeping the Outperform rating. Linde, a $214.6 billion industrial gases company, is currently trading at $464 with a P/E ratio of 30. The firm has released a series of reports analyzing the earnings contributions from announced projects across its sector.

Using updated models, Bernstein SocGen has estimated that disclosed projects could lead to annual low-single-digit earnings per share growth for Linde through 2030. This analysis has minimal impact on the fiscal 2027 and 2028 forecasts, but it pushes fiscal 2030 EPS approximately 8% above Bloomberg consensus. Linde has a history of consistent shareholder returns, having increased its dividend for 34 consecutive years.

Bernstein SocGen remains the top pick in the sector for Linde, and the upcoming investor meeting in October may provide more visibility on project ramp-ups and the broader growth pipeline. The analysis does not include potential contributions from space or additional wins in electronics. Linde remains a key focus for investors, with UBS maintaining a Buy rating and a $612 price target, Bernstein SocGen keeping an Outperform rating at $564, and KeyBanc initiating coverage with an overweight rating and a $542 price target.