Citigroup Maintains Buy on Air Products & Chemicals, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Cunningham maintains a Buy rating on Air Products & Chemicals (APD) but lowers the price target from $285 to $280.
May 01, 2024 | 1:57 pm
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Citigroup maintains a Buy rating on Air Products & Chemicals but lowers the price target from $285 to $280.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. The reduction in price target is relatively minor, indicating that the overall bullish stance on the company remains intact. This could lead to a neutral short-term impact on the stock as the market digests the slight adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100