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ubs raises air products stock target amid board changes and strong earnings
UBS analyst Joshua Spector has raised the price target for Air Products & Chemicals Inc. to $385, maintaining a Buy rating, citing positive catalysts and a conservative earnings outlook. The company, which has a strong history of dividend payments, recently underwent a significant board refresh, with three new directors elected from activist investor Mantle Ridge. Additionally, Air Products reported robust preliminary earnings for Q1 FY2025, exceeding expectations, and announced a CEO succession plan set for early 2025.
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