Air Products & Chemicals shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and announced a $264 price target.
Portfolio Pulse from Benzinga Newsdesk
Air Products & Chemicals (APD) shares are trading higher following an upgrade from Neutral to Buy by B of A Securities, which also set a $264 price target for the stock.
February 15, 2024 | 6:57 pm
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POSITIVE IMPACT
Air Products & Chemicals (APD) stock is trading higher after B of A Securities upgraded it from Neutral to Buy, setting a price target of $264.
The upgrade from Neutral to Buy by a major financial institution like B of A Securities is a strong positive signal to the market, indicating a bullish outlook on APD's future performance. The setting of a $264 price target further emphasizes the expected upside, likely leading to increased investor confidence and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100