BofA raised the firm’s price target on Air Products to $275 from $272 and keeps a Buy rating on the shares. A key investor concerns following Q1 results was that the base business was broken, notes the firm, which believes will “lead to some relief” after the company posted fiscal Q2 EPS well ahead of the prior guidance and expectations. The firm estimates $13.60 EPS for FY25, representing 10% EPS growth, the analyst added.
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Read More on APD:
- Air Products backs FY24 adjusted EPS view $12.20-$12.50, consensus $12.31
- Air Products sees Q3 adjusted EPS $3.00-$3.05, consensus $3.30
- Air Products reports Q2 adjusted EPS $2.74, consensus $2.69
- Air Products Reports Fiscal 2024 Second Quarter GAAP EPS of $2.57 and Adjusted EPS of $2.85
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