Citi cuts target for Linde stock from USD 580.00 to USD 560.00

Published on 10/08/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 9.29 billion, up 9.30 percent year over year. Linde stock costs EUR 432.30 on October 8, 2026 after EUR 432.30.

Industriegasanlage mit Tanks und Dampf bei Sonnenaufgang, Symbolbild für Linde plc — Fotorealistische Aufnahme einer Industriegas-Anlage bei Sonnenaufgang symbolisiert das Unternehmen Linde plc, ISIN IE000S9YS4E6, Chemiesektor heute, Illustration mit AI erstellt.

Linde stock (ISIN IE000S9YS762) was unchanged at EUR 432.30 at Lang & Schwarz on October 8, 2026, while Citi cut its price target from USD 580.00 to USD 560.00 on October 7, 2026. According to Markets Insider, Citi retained its Buy rating and cited modest cost pressures and weakness in selected end markets.

Citi trims the earnings outlook

The USD 20.00 target reduction gives the latest analyst view a more cautious valuation frame ahead of Linde's third-quarter report. Citi's note still kept the Buy rating, so the change was a valuation adjustment rather than a shift to a negative recommendation.

The target change also leaves a clear counter-factor for investors: cost pressure and selected end-market weakness could limit the benefit of Linde's pricing and growth trends. The company enters the reporting date with the analyst action as the freshest independently reported stock-specific development.

Second-quarter sales grew 9.30 percent

Simply Wall St reported that Linde generated USD 9.29 billion of revenue in the second quarter of 2026, up 9.30 percent from the year-earlier quarter. Net income reached USD 1.93 billion in the same period, up 9.20 percent year over year.

The revenue comparison matters because Linde's industrial-gas model combines recurring supply contracts with project activity in electronics, healthcare, manufacturing and energy. The latest quarter therefore gives the target cut a measurable operating backdrop rather than leaving the valuation move detached from company performance.

October 29 sets the next test

Linde will release third-quarter 2026 results on October 29, 2026, according to Yahoo Finance. The release is scheduled by 06:00 a.m. EDT, with the conference call at 09:00 a.m. EDT, making the report the next dated test of pricing, demand and cost trends.

For market context, the finance quote showed Linde last at USD 483.98 on Nasdaq on October 7, 2026 at 4:00 p.m. ET. Its 52-week range was USD 387.78 to USD 548.20, while market capitalization stood at USD 223.9 billion on that date.

Stock holds at the German quote

Linde was trading at EUR 432.30 at Lang & Schwarz on October 8, 2026 at 12:09 p.m. CEST, unchanged versus the prior close of EUR 432.30. The company is listed on Nasdaq under ticker LIN, and its investor-relations page identifies the security as Linde plc with ISIN IE000S9YS762, as shown by Linde.The further course of trading is shown by the continuously updated real-time quote of Linde stock.