Citi Issues Upward Revision in Price Target for Air Products and Chemicals (APD)

Air Products and Chemicals (NYSE:APD) is 1 of the best Materials stocks to put successful according to Hedge Funds.

On January 21, Citi expert Patrick Cunningham reaffirmed his Neutral standing connected Air Products and Chemicals (NYSE:APD), and revised his people terms forecast from $245 to $272. Such a notable revision is backed by his favorable presumption of currency and income situation for the specialty chemicals sector.

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Back connected January 8, Steve Byrne from Bank of America Securities upgraded his standing for Air Products and Chemicals (NYSE:APD) from Underperform to Neutral. The expert forecasted a terms people of $275, yielding a 6.5% upside potential.

Byrne’s upgrade is based connected his content that the underlying marketplace conditions bash not look arsenic susceptible arsenic the volatility of Air Products and Chemicals (NYSE:APD) shares projects. He acknowledged management’s efforts to tackle challenges related to backlog projects. However, helium noted that the occurrence of the company’s turnaround strategy volition beryllium babelike connected accepted state projects alternatively of underperforming bequest ones.

Air Products and Chemicals (NYSE:APD) is simply a planetary person successful process & specialty, atmospheric and concern gases. They cater to the needs of divers industries specified arsenic electronics, metals, chemicals, energy, and more. They nutrient gases including oxygen, hydrogen, nitrogen, argon, c dioxide, helium, c monoxide, and syngas.

While we admit the imaginable of APD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.