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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.
Barclays has upgraded Air Products & Inc. from Equalweight to Overweight, raising the price target to $365, citing the company's strong fundamentals and leadership changes. The analysts noted robust preliminary earnings of $2.86 EPS for Q1 FY2025 and a CEO succession plan, highlighting the company's focus on operational efficiency and governance. With a market cap of $72 billion, Air Products is positioned for potential growth, attracting investor attention amid significant board changes.
Barclays has upgraded Air Products & Inc. from Equalweight to Overweight, raising the price target from $315 to $365, reflecting confidence in the company's strong fundamentals and leadership changes. The analysts noted robust preliminary earnings for Q1 FY2025, with an adjusted EPS of $2.86, and highlighted a CEO succession plan expected to conclude by mid-2025. Recent board changes, including three new members from Mantle Ridge, signal a renewed focus on operational efficiency and governance, potentially enhancing investor confidence.
Dennis Reilley
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ubs raises air products stock target amid board changes and strong earnings
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17:04 28.01.2025
Barclays upgrades Air Products to Overweight with target price of 365 dollars
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Barclays PLC
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Paul Hilal
Alfred Stern
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00:09 24.01.2025
Barclays upgrades Air Products to Overweight with target price of 365 dollars
United States Dollar
Barclays PLC
USA
Paul Hilal
Alfred Stern
Andrew Evans
Eduardo Menezes
Bob Patel
Dennis Reilley
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23:34 23.01.2025
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