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Stock impact report

Citi Issues Upward Revision in Price Target for Air Products and Chemicals (APD) [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
On January 21, Citi analyst Patrick Cunningham reaffirmed his Neutral rating on Air Products and Chemicals (NYSE:APD), and revised his target price forecast from $245 to $272. Such a notable revision is backed by his favorable view of currency and sales environment for the specialty chemicals sector. QiuJu Song/Shutterstock.com Back on January 8, Steve Byrne from Bank of America Securities upgraded his rating for Air Products and Chemicals (NYSE:APD) from Underperform to Neutral. The analyst forecasted a price target of $275, yielding a 6.5% upside potential. Byrne's upgrade is based on his belief that the underlying market conditions do not seem as vulnerable as the volatility of Air Products and Chemicals (NYSE:APD) shares projects. He acknowledged management's efforts to tackle challenges related to backlog projects. However, he noted that the success of the company's turnaround strategy will be dependent on traditional gas projects instead of underperforming legacy ones. Show less Read more
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