Air Products price target raised to $365 from $350 at Wells Fargo

Wells Fargo raised the firm’s price target on Air Products (APD) to $365 from $350 and keeps an Overweight rating on the shares. The firm notes EPS growth for FY25 is on track, despite persistently weak industrial demand. Wells remains confident that Air Products’ new CEO Eduardo Menezes can implement a more measured growth strategy focused on returns on capital.