RBC Capital lowered the firm’s price target on Air Products (APD) to $325 from $350 but keeps an Outperform rating on the shares. The stock rallied after earnings on increased confidence around its turnaround plan, though the firm is cutting its price target pending more updates on LA Blue, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APD:
- Air Products price target lowered to $300 from $325 at Mizuho
- Air Products price target lowered to $260 from $275 at JPMorgan
- Air Products price target lowered to $295 from $310 at BMO Capital
- Air Products price target lowered to $310 from $350 at UBS
- Air Products price target lowered to $330 from $345 at Wells Fargo