Air Products price target lowered to $295 from $310 at BMO Capital

BMO Capital lowered the firm’s price target on Air Products (APD) to $295 from $310 and keeps a Market Perform rating on the shares. The company’s modest beat and in-line guide against expectations of a miss positively surprised and sent the stock up 9%, though the firm now prefers to wait for a better entry point to get more constructive on the name, the analyst tells investors in a research note.