BMO Capital lowered the firm’s price target on Air Products to $250 from $307 but keeps an Outperform rating on the shares. The analyst notes that clarity around the business has been reduced to uncomfortable levels and there is “at least modest risk” to earnings for the second half of the year. If Air Products has hope of returning to any normalized valuation multiple, improved execution and clarity is a must, the firm tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on APD:
- Air Products and Chemicals (NYSE:APD) Tanks 10% on Q1 Miss
- Air Products sees Q2 adjusted EPS $2.60-$2.75, consensus $3.16
- Air Products sees FY24 adjusted EPS $12.20-$12.50, consensus $12.97
- Air Products reports Q1 adjusted EPS $2.82, consensus $3.00
- Air Products Reports Fiscal 2024 First Quarter GAAP EPS of $2.73 and Adjusted EPS of $2.82