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UBS has lowered its price target for Air Products & Chemicals Inc. to $370 from $395 while maintaining a Buy rating, citing confidence in new management and a more achievable earnings guidance. Despite a recent 12% stock decline, the company has a strong dividend history and is expected to see long-term growth, with analysts suggesting a potential upside of over 25% in the next year. Meanwhile, Air Products announced a pre-tax charge of up to $3.1 billion due to exiting three major projects, although it reassured that adjusted earnings per share for fiscal 2025 would remain unaffected.
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.
Eduardo Menezes
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ubs lowers air products price target to 370 while maintaining buy rating
15:50 14.03.2025
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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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
Show more
23:34 23.01.2025
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