Bernstein raises price target on Chemical companies

Air Products and Chemicals

18/02/2026 11:24

** Bernstein raises PT on chemical companies Linde LIN.DE and Air Products APD.N

** Brokerage raises PT to $537 from $519 for LIN, representing premium of 11.3%

** Also raises PT for APD to $329 from $315, representing premium of 18.5%

** Brokerage anticipates that, with SpaceX reportedly working toward a mid-2026 IPO, its likely bullish launch forecasts will imply strong, long-term growth for industrial gas companies, potentially for decades

** "We think the rapid growth of rocket launches is an underappreciated driver for the industrial gas companies, especially Linde and Air Products," brokerage says

** In 2025, LIN and APD were down 10.2% and ~15%, respectively

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))