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Air Products price target lowered to $320 from $365 at Wells Fargo

Wells Fargo analyst Michael Sison lowered the firm’s price target on Air Products (APD) to $320 from $365 and keeps an Overweight rating on the shares. Given increased risks in a post tariff world, the firm recommends a more defensive position within the chemicals sector into Q1 2025 results as Wells expects cautious outlook commentary.

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