BMO Capital analyst John McNulty raised the firm’s price target on Air Products to $263 from $250 and keeps an Outperform rating on the shares. The company posted a “much needed” Q2 earnings beat, and with continued pricing, a more aggressive focus on cost-cutting, and no major changes on the projects, the stock should “start to grind higher”, the analyst tells investors in a research note. With a host of first-to-market projects in Clean Energy projects, the company should outperform the broader space, BMO added.
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Read More on APD:
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