Deutsche Bank Downgrades Air Products & Chemicals to Hold, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst David Begleiter has downgraded Air Products & Chemicals (NYSE:APD) from Buy to Hold and lowered the price target from $310 to $280.
July 22, 2024 | 5:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Deutsche Bank has downgraded Air Products & Chemicals from Buy to Hold and reduced the price target from $310 to $280.
The downgrade from Buy to Hold and the reduction in the price target from $310 to $280 by Deutsche Bank is likely to negatively impact the stock price of Air Products & Chemicals in the short term. Such downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100