BofA analyst Steve Byrne raised the firm’s price target on Air Products to $308 from $281 and keeps a Neutral rating on the shares. Air Products’ EPS beat consensus estimates, and provided guidance of $2.68-2.88, primarily driven by higher volumes, pricing, and equity affiliate income offsetting higher cost and FX, Byrne tells investors in a research note. The analyst says that mobility remains a key long-term growth driver, and he expects low-teens earnings growth in FY23.
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Published first on TheFly
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- Air Products price target lowered to $290 from $295 at JPMorgan
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