Air Products price target raised to $276 from $263 at BMO Capital

BMO Capital raised the firm’s price target on Air Products to $276 from $263 and keeps an Outperform rating on the shares. After holding talks with its CEO, the firm has come away with greater appreciation on how the management is thinking about the longer-term opportunities in the clean hydrogen markets and how it is investing in them, the analyst tells investors in a research note. Air Products was also clear that it will not initiate another large-scale project before locking in significant off-takes for the current projects and that they are more encouraged around the demand environment, BMO added.