BMO Capital downgraded Air Products (APD) to Market Perform from Outperform with a price target of $346, down from $366. The weakness in fiscal Q1 and “modest” Q2 outlook make it unlikely Air Products will successfully bridge to the FY25 guidance, the analyst tells investors. With large cuts to come in the near term and “some heavy lifting ahead needed to even approach the 2026 consensus,” the stock may drift lower before resuming its climb, says the analyst, who prefers to step to the sidelines until the new bar is set and a formal plan announced.
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Read More on APD:
- Air Products price target raised to $365 from $350 at Wells Fargo
- Air Products downgraded to Neutral from Overweight at JPMorgan
- Air Products Reports Modest Growth in Q1 2025 Earnings
- Air Products reports Q1 adjusted EPS $2.86, consensus $2.85
- Air Products sees Q2 adjusted EPS $2.75-$2.85, consensus $3.07