BUZZ-Bernstein raises price target on Chemical companies

Reuters02-18
BUZZ-Bernstein raises price target on Chemical companies 

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment