Wells Fargo lowered the firm’s price target on Air Products (APD) to $330 from $345 and keeps an Overweight rating on the shares. The firm notes Air Products appears poised to generate strong EPS growth in FY26 in an industrial recession, confirming its belief turnaround efforts are gaining traction and NEOM/LA projects have potential to be de-risked.
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- Air Products sees FY26 adjusted EPS view $12.85-$13.15, consensus $12.88
- Air Products sees Q1 adjusted EPS $2.95-$3.10, consensus $3.02