UBS analyst Joshua Spector raised the firm’s price target on Air Products (APD) to $385 from $375 and keeps a Buy rating on the shares. The firm sees a positive catalyst path as Air Products’ board moves to derisk its project pipeline and improve margins, the analyst tells investors in a research note. The firm’s updated FY25 EPS estimate is 8% above consensus.
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Read More on APD:
- BofA says ‘now comes the hard part,’ downgrades Air Products to Neutral
- Air Products downgraded to Neutral from Buy at BofA
- Barclays upgrades Air Products to Overweight after shareholder vote
- Air Products upgraded to Overweight from Equal Weight at Barclays
- Air Products now on path to drive ‘significant’ value, says Wells Fargo