New York, January 21, 2026, 15:21 EST — Regular session
Linde plc (LIN) shares climbed 1.7% to $440.45 Wednesday afternoon following a price target hike from Citi. The bank bumped its target to $540 from $520 while maintaining its Buy rating. A price target reflects where analysts expect the stock to trade over the coming year.
The move follows a steep, tariff-fueled selloff that marked Wall Street’s worst one-day drop in three months. The S&P 500 tumbled 2.06%, while the Nasdaq slipped 2.39%, triggered by President Donald Trump’s tariff threats against several European allies amid his Greenland ambitions. Jamie Cox, managing partner at Harris Financial Group, noted he wasn’t seeing clear evidence of investors pulling out.
Stocks rallied Wednesday after Trump eased his rhetoric in Davos, pushing the Dow up 0.68% and the S&P 500 higher by 0.52%. “The market bounced when he said we wouldn’t use force,” noted Mark Hackett, chief market strategist at Nationwide. Reuters
Trump later announced he would not go ahead with the tariffs set for Feb. 1, claiming he had hammered out the framework of a deal with NATO over Greenland. This move dialed down the immediate threat for trade-sensitive industrial stocks.
Shares of industrial gases companies took a hit in Tuesday’s selloff. Air Products and Chemicals dropped 3.49%, while Linde slid 1.32% as the broader market retreated.
Investors remain cautious about how long the rally can last and how fast geopolitical tensions might drive prices again. “Global investors are taking these threats seriously,” said Jack Ablin, founding partner and chief investment strategist at Cresset Capital. Reuters noted a fresh wave of tariff-driven volatility hitting markets. Reuters
Linde is set to release its fourth-quarter 2025 results on Feb. 5, with figures expected by 6:00 a.m. EST ahead of a 9:00 a.m. EST conference call. Market watchers will focus on volume trends and any commentary on pricing and demand outlook for 2026.
UK-based Linde provides gases like oxygen, nitrogen, and hydrogen to factories and hospitals. Its contract-driven approach offers some insulation in volatile markets, yet the stock still responds to shifts in industrial confidence.
The next move in Linde’s shares might hinge more on its upcoming outlook than on fresh Greenland news. Wall Street is bracing for Linde’s report on Feb. 5, ahead of the U.S. open. Traders remain watchful for any tariff chatter after global markets slipped earlier this week.
