Barclays Maintains Equal-Weight on Air Products & Chemicals, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Equal-Weight rating on Air Products & Chemicals (APD) and reduced the price target from $260 to $245.

February 06, 2024 | 2:40 pm
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Barclays has maintained an Equal-Weight rating on Air Products & Chemicals but lowered the price target from $260 to $245.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in APD's stock price. The Equal-Weight rating suggests that the analyst views the stock as adequately valued at its current price, but the lowered target indicates a reassessment of the stock's future growth potential or market conditions.
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