JP Morgan Maintains Overweight on Air Products & Chemicals, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas maintains an Overweight rating on Air Products & Chemicals (APD) but lowers the price target from $295 to $270.
February 06, 2024 | 7:30 pm
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JP Morgan maintains an Overweight rating on Air Products & Chemicals but lowers the price target from $295 to $270.
While the reduction in price target could suggest a tempered outlook on APD's short-term price performance, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to a neutral short-term impact on APD's stock price as investors weigh the lowered price target against the analyst's ongoing bullish stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100