Linde Stock: Strong Recovery, Promising Future

Linde Stock: Strong Recovery, Promising Future

Deutsche Bank Research maintained its Buy rating on the shares of Linde plc. (LIN), following the release of Q3 solid financial results. Last week, the industrial gases and engineering company reported an EPS of $1.88, up 42% from the prior year, beating analysts' estimates by 2%. Sales came at $7.7 billion, up 12% from last year.

Linde has been benefiting from the strong recovery of its business that helped it overcome the adverse impact of rising energy costs. Meanwhile, the company upped its guidance for the coming quarters, beating expectations.

Here's a quote from the Deutsche Bank report: