Bernstein upgrades Air Products stock to ‘outperform’ on leadership shift

Investing.com

31 Jan

Investing.com -- Bernstein upgraded Air Products and Chemicals Inc (NYSE:APD) to "Outperform" and raised its price target to $375 from $290 given an improved strategic direction under new leadership following investor-backed board changes.

The industrial gas major has faced setbacks due to its ambitious clean hydrogen investments and operational missteps, losing the reliability that typically defines the sector, Bernstein said. However, with former Praxair (NYSE:) executives Dennis Reilly and Eduardo Menezes set to lead, the firm expects APD to refocus on its core industrial gas business while bringing greater transparency and cost discipline to its large-scale projects.

“We believe well run industrial gas majors have the highest earnings quality and predictability in chemicals and warrant the highest valuation,” analyst at Bernstein said.

“We see the potential for APD to rebuild that dependability, which based on its mix should be the amongst highest of the majors, and unlock value from its mega-projects”

While challenges remain in optimizing returns from megaprojects, Bernstein sees potential for margin expansion and long-term value creation, positioning APD to regain investor confidence.

Related Articles

Bernstein upgrades Air Products stock to ‘outperform’ on leadership shift

FAA restricts helicopter flights near Washington airport in response to crash

Turkey stocks lower at close of trade; BIST 100 down 0.77%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507396109"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507396109\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2507396109?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-31 23:35","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2507396109","market":"us","top_or_hot":-1,"title":"Bernstein upgrades Air Products stock to ‘outperform’ on leadership shift","media":"Investing.com","content":"<html><body><p>Investing.com -- Bernstein upgraded Air Products and Chemicals Inc (NYSE:APD) to \"Outperform\" and raised its price target to $375 from $290 given an improved strategic direction under new leadership following investor-backed board changes.</p>\n<p>The industrial gas major has faced setbacks due to its ambitious clean hydrogen investments and operational missteps, losing the reliability that typically defines the sector, Bernstein said. However, with former Praxair (NYSE:) executives Dennis Reilly and Eduardo Menezes set to lead, the firm expects APD to refocus on its core industrial gas business while bringing greater transparency and cost discipline to its large-scale projects.</p>\n<p>“We believe well run industrial gas majors have the highest earnings quality and predictability in chemicals and warrant the highest valuation,” analyst at Bernstein said. <br/><br/>“We see the potential for APD to rebuild that dependability, which based on its mix should be the amongst highest of the majors, and unlock value from its mega-projects”</p>\n<p>While challenges remain in optimizing returns from megaprojects, Bernstein sees potential for margin expansion and long-term value creation, positioning APD to regain investor confidence.</p>\n<p>Related Articles</p>\n<p>Bernstein upgrades Air Products stock to ‘outperform’ on leadership shift</p>\n<p>FAA restricts helicopter flights near Washington airport in response to crash</p>\n<p>Turkey stocks lower at close of trade; BIST 100 down 0.77%</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bernstein upgrades Air Products stock to ‘outperform’ on leadership shift</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBernstein upgrades Air Products stock to ‘outperform’ on leadership shift\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-31 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bernstein-upgrades-air-products-stock-153529696.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Bernstein upgraded Air Products and Chemicals Inc (NYSE:APD) to \"Outperform\" and raised its price target to $375 from $290 given an improved strategic direction under new leadership ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bernstein-upgrades-air-products-stock-153529696.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APD","symbol_name":"空气化工","start_time":0,"source_url":"https://finance.yahoo.com/news/bernstein-upgrades-air-products-stock-153529696.html","article_id":"2507396109","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507396109","pubTimestamp":1738337729,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Bernstein upgraded Air Products and Chemicals Inc  to \"Outperform\" and raised its price target to $375 from $290 given an improved strategic direction under new leadership following investor-backed board changes.The industrial gas major has faced setbacks due to its ambitious clean hydrogen investments and operational missteps, losing the reliability that typically defines the sector, Bernstein said. However, with former Praxair  executives Dennis Reilly and Eduardo Menezes set to lead, the firm expects APD to refocus on its core industrial gas business while bringing greater transparency and cost discipline to its large-scale projects.“We believe well run industrial gas majors have the highest earnings quality and predictability in chemicals and warrant the highest valuation,” analyst at Bernstein said. “We see the potential for APD to rebuild that dependability, which based on its mix should be the amongst highest of the majors, and unlock value from its mega-projects","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"APD":"空气化工","AIRI":"Air Industries Group"},"translate_title":"伯恩斯坦因领导层变动将空气产品公司股票评级上调至“跑赢大盘”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIRI":1,"APD":0.9},"content_text":"Investing.com -- Bernstein upgraded Air Products and Chemicals Inc (NYSE:APD) to \"Outperform\" and raised its price target to $375 from $290 given an improved strategic direction under new leadership following investor-backed board changes.\nThe industrial gas major has faced setbacks due to its ambitious clean hydrogen investments and operational missteps, losing the reliability that typically defines the sector, Bernstein said. However, with former Praxair (NYSE:) executives Dennis Reilly and Eduardo Menezes set to lead, the firm expects APD to refocus on its core industrial gas business while bringing greater transparency and cost discipline to its large-scale projects.\n“We believe well run industrial gas majors have the highest earnings quality and predictability in chemicals and warrant the highest valuation,” analyst at Bernstein said. “We see the potential for APD to rebuild that dependability, which based on its mix should be the amongst highest of the majors, and unlock value from its mega-projects”\nWhile challenges remain in optimizing returns from megaprojects, Bernstein sees potential for margin expansion and long-term value creation, positioning APD to regain investor confidence.\nRelated Articles\nBernstein upgrades Air Products stock to ‘outperform’ on leadership shift\nFAA restricts helicopter flights near Washington airport in response to crash\nTurkey stocks lower at close of trade; BIST 100 down 0.77%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}