BMO Capital raised the firm’s price target on Air Products to $323 from $300 and keeps an Outperform rating on the shares after its Q3 earnings beat. The earnings call commentary alleviated many investors’ biggest concerns, clearing the way for significant stock appreciation as the management spoke about locking-in offtake agreements for its clean hydrogen mega projects before announcing any future projects, highlighted that NEOM construction and LA permitting is on track, and also spoke to the increased customer interest and demand in the clean hydrogen markets, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APD:
- Early notable gainers among liquid option names on August 1st
- Air Products backs FY24 adjusted EPS $12.20-$12.50, consensus $12.23
- Air Products sees Q4 adjusted EPS $3.33-$3.63, consensus $3.53
- Air Products reports Q3 adjusted EPS $3.20, consensus $3.03
- Air Products Reports Fiscal 2024 Third Quarter GAAP EPS of $3.13 and Adjusted EPS of $3.20