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Stocks•28 April 2026•

1 min read

RBC Raises Price Targets for Air Products and Linde on Positive Industrial Gas Outlook

Key Facts

1RBC Capital increased its price target for APD to $338 while maintaining an Outperform rating.

2The price objective for LIN was raised to $552, citing company-specific drivers for improvement in 2026.

3Air Products plans to start operations at a new Florida facility by H2 2028 to serve the space launch industry.

RBC Capital analysts have increased their price targets for industrial gas giants Air Products (APD) and Linde (LIN) while maintaining bullish ratings. The bank raised its price objective for APD to $338, citing the company's strategic expansion, including a new facility in Florida set to serve the space launch industry by late 2028. Similarly, Linde's price target was adjusted upward to $552, driven by anticipated company-specific operational improvements projected for 2026. These upgrades reflect growing analyst confidence in the sector's ability to leverage niche market growth and long-term capital projects. The report highlights that both companies are well-positioned to benefit from specialized industrial demand and improved efficiency. Overall, the revised targets provide moderate upward momentum for these large-cap industrial stocks.