Argus Upgrades Air Products & Chemicals Inc. (APD) to Hold

November 21, 2016 8:00 AM EST
Get Alerts APD Hot Sheet
Price: $146.62 +0.79%

Rating Summary:
    13 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Argus upgraded Air Products & Chemicals Inc. (NYSE: APD) from to Hold with a price target of $159.00.

The upgrade reflects the recent spinoff of the Electronic Materials division, the forthcoming sale of the Performance Materials division, and other restructuring actions over the last year.

Looking ahead, they expect asset sales to provide the company with resources for small to medium-sized acquisitions, as well as for stock buybacks and dividend increases.

For an analyst ratings summary and ratings history on Air Products & Chemicals Inc. click here. For more ratings news on Air Products & Chemicals Inc. click here.

Shares of Air Products & Chemicals Inc. closed at $137.96 yesterday.

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