From Financial Modeling Prep: 2025-01-24 08:55:00

Air Products & Chemicals Inc. (NYSE:APD) saw a 1% pre-market rise as Barclays upgraded the stock to Overweight, with a new price target of $365. Analysts praised the company’s strong core business and recent leadership changes, including potential CEO successor Eduardo Menezes, aimed at unlocking long-term value.

Barclays highlighted Air Products’ leading position in the industrial gas sector and its solid cash-generating capabilities. Recent board additions, like Dennis Reilly and Eduardo Menezes, are seen as crucial for addressing investor concerns around leadership and governance. Menezes is considered highly capable of guiding the company through a pivotal period.

Despite acknowledging that transformation takes time, Barclays believes Air Products’ strong cash flow and strategic leadership, combined with the industrial gas market’s promising fundamentals, will drive sustained growth and shareholder value creation. Confidence in the company’s core strengths is expected to support its long-term trajectory.



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