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2.06756812636788E-05 0.00169540586362319 0.000702973162965668 0.00490013645949635 0.0110408137948145 0.0084356779555886 0.0127775710209652 0.0150518959599718
Stock impact report

Bernstein Reiterates Outperform on Air Products (APD) After Yara Partnership Update [Yahoo! Finance]

Air Products and Chemicals, Inc. (APD) 
Last air products and chemicals, inc. earnings: 4/23 06:00 am Check Earnings Report
US:NYSE Investor Relations: airproducts.com
Company Research Source: Yahoo! Finance
an Outperform rating on Air Products and Chemicals, Inc. (NYSE:APD) stock and kept the price target at $320. The analysts cited Air Products' update on the negotiations with Yara. The negotiations center on plans for the companies to partner on large-scale, low-emission ammonia projects in the US and Saudi Arabia. The partnership is designed to de-risk these projects and leverage both companies' expertise in hydrogen production and ammonia distribution. But Air Products' stock fell 11% after this update, which Bernstein described as an “overreaction”. According to the analysts, the collaboration is “broadly positive in terms of long-term offtake demand for both blue and green hydrogen.” They added that it addresses key investor concerns about demand for hydrogen. The deal involves Air Products' Louisiana Clean Energy Complex and the NEOM Green Hydrogen Project in Saudi Arabia. Yara is considering buying assets related to ammonia production, storage, and shipping, with a possible inv Show less Read more
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