Air Products (APD) Declares $1.77 Quarterly Dividend; 2.6% Yield

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Go back to Air Products (APD) Declares $1.77 Quarterly Dividend; 2.6% Yield

Deutsche Bank Downgrades Air Products & Chemicals Inc. (APD) to Hold, PT $280, 'we believe there is increased near-term earnings risk'

July 22, 2024 9:54 AM EDT

Deutsche Bank analyst David Begleiter downgraded Air Products & Chemicals Inc. (NYSE: APD) from Buy to Hold with a price target of $280.00 (from $310.00).

The analyst comments "We are downgrading Air Products from Buy to Hold as we believe there is increased near-term earnings risk following the resignation of COO Dr. Samir Serhan. Today, July 22, Air Products announced that on July 18 Dr.... More