Goldman Sachs Reinstates Air Products & Chemicals Inc. (APD) at Neutral

February 28, 2011 7:05 AM EST
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Price: $144.77 -0.4%

Rating Summary:
    13 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 30 | New: 8
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Goldman Sachs reinstates coverage on Air Products & Chemicals Inc. (NYSE: APD) with a Neutral rating and $100 price target.

With the Airgas distractions behind it, the company can refocus on pursuing its growth strategy, according to the firm. Goldman also thinks the company may aggressively utilize the $650 million remaining on its share repurchase plan.

For more ratings news on Air Products & Chemicals Inc. click here and for the rating history of Air Products & Chemicals Inc. click here.

Shares of Air Products & Chemicals Inc. closed at $91.42 yesterday.

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