** Industrial gases maker Air Products and Chemicals' APD.N shares down 1.3% to $269.17

** BofA Global Research cuts rating on company's shares to "underperform" from "neutral"

** BofA says ADP's clean hydrogen platform faces increased risks from U.S. President Donald Trump's tariffs and modifications to climate change programs

** Brokerage adds that target market Europe is likely to delay clean hydrogen initiative

** BofA lowers its estimates for company's FY EPS to $12.65 from $12.85, citing slower growth in energy, chemicals, metals and manufacturing; cuts price objective to $282 from $330

** While the Alberta project expected to start late-2025 is likely to be delayed, it has best potential to secure long-term offtakes and provide support for shares - BofA

** Median PT $335, 15 of 25 analysts covering stock have a "buy" or "strong buy" rating, 9 "hold" and 1 "sell" - LSEG

** Including session's moves, APD down 7.6% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))