Linde
on Linde PLC (NYSE: LIN), Credit Suisse initiated coverage with an Outperform rating and a $380 price target. The implied upside from the closing price of $329.63 is over 15%. Linde operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon and rare gases, as well as process gases, such as carbon dioxide, helium and more.
The 52-week trading range is $267.51 to $352.18, and shares traded at $323 Thursday morning. It has a dividend yield of 1.4%. Shares are down about 6% year to date.
FMC
FMC Corp. (NYSE: FMC) is an agricultural sciences company that provides crop protection, plant health and professional pest and turf management products. It develops, markets and sells crop protection chemicals (including insecticides, herbicides and fungicides), biologicals, crop nutrition and more. Credit Suisse started coverage with an Underperform rating and a $109 price target, implying downside of over 13% from the closing price of $126.01.
The stock traded at $122 early Thursday, and it has a 52-week trading range of $87.27 to $140.99. The dividend yield is 1.7%, and the stock is up over 11% year to date.
Eastman Chemical
Credit Suisse initiated coverage of Eastman Chemical Co. (NYSE: EMN) with an Outperform rating and a $130 price target. The implied upside from the closing price of $109.63 is nearly 19%. The company operates as a specialty materials company in the United States and internationally. Its operating segments include Additives & Functional Products, Chemical Intermediates, and Fibers.
Eastman Chemical stock has a 52-week trading range of $98.24 to $129.98, and it traded at $110 a share Thursday morning. The dividend yield is 2.8%. The stock is down about 9% year to date.
Originally posted at 24/7 Wall St.
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