Barclays lowered the firm’s price target on Air Products (APD) to $325 from $355 and keeps an Overweight rating on the shares. While the Q1 reset “hurt,” the stock thesis “looks compelling from here,” the analyst tells investors in a research note. The firm says Air Products now has “everything out on the table” and a strong underlying business model.
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Read More on APD:
- Air Products Faces Challenges Amid Strategic Shifts
- Air Products Faces Challenges with Strategic Refocus
- Air Products reports Q2 adjusted EPS $2.69, consensus $2.83
- Air Products sees Q3 adjusted EPS $2.90-$3.00, consensus $3.28
- Air Products cuts FY25 adjusted EPS view to $11.85-$12.15 from $12.70-$13.00