Citi analyst P.J. Juvekar raised his price target for Praxair (PX) to $188 saying the company's Q4 results underscore the "ongoing trend of synchronous global economic growth." The analyst expects improving merchant gas utilization will continue to drive price/volume gains through 2018 and keeps a Buy rating on Praxair shares. He believes the company's strong results are a positive indicator for Air Products' (APD) quarterly numbers expected this morning.

Air Products intends to build a network of permanent, commercial-scale multi-modal hydrogen refueling stations stretching from Edmonton to Calgary, Alberta, Canada. The permanent, multi-modal hydrogen refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty hydrogen fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This hydrogen infrastructure will help Western Canada reach a goal of 5,000 hydrogen or dual fuel vehicles on the road in five years.