Citi analyst Patrick Cunningham lowered the firm’s price target on Air Products to $295 from $340 and keeps a Buy rating on the shares post the earnings report. The analyst reduced fiscal 2023 earnings estimates, taking a slightly more conservative stance on the Asia segment.
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Read More on APD:
- Air Products price target lowered to $260 from $305 at Barclays
- Air Products Stock (NYSE:APD) Down 13% on Mixed Q3 Results
- Air Products Reports Fiscal 2023 Fourth Quarter GAAP EPS of $3.08 and Adjusted EPS of $3.15
- Air Products sees FY24 adjusted EPS $12.80-$13.10, consensus $12.86
- Air Products sees Q1 adjusted EPS $2.90-$3.05, consensus $2.99