Cowen Starts Air Products & Chemicals Inc. (APD) at Outperform

March 18, 2021 4:04 PM EDT
Get Alerts APD Hot Sheet
Price: $284.36 +0.44%

Rating Summary:
    19 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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Cowen analyst Marc Bianchi initiates coverage on Air Products & Chemicals Inc. (NYSE: APD) with a Outperform rating and a price target of $340.00.

The analyst comments "We initiate APD as our top pick ($340 PT) owing to the company's commitment to growth in what we see as a very attractive market for Energy Transition and upside to our price target. Our proprietary cost analysis reveals the competitiveness of the mega-scale NEOM project, which differentiates APD and could create a first mover advantage in a hydrogen market that could grow 10-20x by 2050."

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 $270.67 yesterday.

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