Air Products price target lowered to $307 from $346 at BMO Capital

BMO Capital lowered the firm’s price target on Air Products (APD) to $307 from $346 and keeps a Market Perform rating on the shares after its Q2 earnings miss and below-consensus guidance. New CEO Menezes demonstrated a strong understanding of the company’s complex businesses and hurdles, the analyst tells investors in a research note, adding that he sees a conservative bar for FY25 along with a “credible” map forward for the company.