18 March 2008 11:15 [Source: ICIS news]
LONDON (ICIS news)--Deutsche Bank on Tuesday upgraded its earnings forecasts and share price target for Linde after the German industrial gases group beat expectations with its fourth-quarter results.?xml:namespace>
Linde increased its earnings before interest, tax, depreciation and amortisation (EBITDA) 22%, beating the analyst consensus forecast by 7%.
Deutsche Bank increased its earnings per share (EPS) forecasts for 2008-2010 by 1-2% and its price target for Linde shares to €108 from €106.
“The team is developing a track record for exceeding targets… while no new programmes have been announced we expect the focus on cost and efficiency to continue in 2009-2010,” said analyst Tim Jones.
At 10:11 GMT, Linde shares were trading 2% up on Monday’s close at €88.37 on the Xetra platform.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections