Mizuho lowered the firm’s price target on Air Products to $295 from $304 and keeps a Buy rating on the shares following the fiscal Q1 report. The guidance shortfall reflects lower manufacturing activity in China, lower helium volume, and cost overruns on a small project, the analyst tells investors in a research note.
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Read More on APD:
- Air Products and Chemicals (NYSE:APD) Tanks 10% on Q1 Miss
- Air Products sees Q2 adjusted EPS $2.60-$2.75, consensus $3.16
- Air Products sees FY24 adjusted EPS $12.20-$12.50, consensus $12.97
- Air Products reports Q1 adjusted EPS $2.82, consensus $3.00
- Air Products Reports Fiscal 2024 First Quarter GAAP EPS of $2.73 and Adjusted EPS of $2.82
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