BofA Bets Big on Air Products: $264 Price Target

BofA Securities Elevates Air Products to Buy, Eyes $264 Price Target Amid Positive Reevaluation

In a significant financial maneuver on February 15, 2024, BofA Securities has upgraded its rating on Air Products & Chemicals Inc. (NYSE:APD), from Neutral to Buy, while also setting a robust price target of $264.00. This adjustment stems from a comprehensive reevaluation of the company's market position, growth prospects, and operational resilience, contrasting it favorably with its industry counterpart, Linde (NYSE:NYSE:).