Printer Friendly

JPMorgan sees negative implications to Linde plc from government shutdown.

JPMorgan analyst Jeffrey Zekauskas believes there are negative short-term implications to Linde plc due to effects from the partial government shut-down. The new Linde is unable to fully integrate its Praxair operations with Linde AG until the domestic assets are sold to CVC/Messer, which is unlikely until the government re-opens, he contends. Zekauskas notes that Praxair continues to compete with Linde globally until that transaction closes, notwithstanding that Praxair and Linde AG have become one, and points out the companies are also unable to coordinate their commercial activities until the formal close. The analyst reiterates an Overweight rating on the stock but acknowledges that "the trading pattern in Linde shares could become sloppy over the coming days."

COPYRIGHT 2019 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:Jan 23, 2019
Words:118
Previous Article:Fly Intel: Top five analyst initiations.
Next Article:Fitch says GE Capital remains risk to reducing GE industrial leverage.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters