Air Products and Chemicals (APD) shares were down nearly 6% in recent trading Friday after JPMorgan downgraded the company's stock to neutral from overweight, and cut its price target to $320 from $345.
Separately, BMO Capital also downgraded the company stock to market perform, with a price target of $346.
Wells Fargo raised its price target for the company to $365 from $350 and maintained an overweight rating, while Citigroup lowered price target to $373 from $375, keeping a buy rating, and Jefferies increased its price target to $390 from $364 while reiterating buy.
Trading volume stood at about 1.8 million shares against a daily average of roughly 1.5 million.
The industrial gas provider reported fiscal Q1 adjusted earnings of $2.86 per diluted share, up from $2.82 a year ago, while sales declined to $2.93 billion from $3.00 billion for the quarter ended Dec. 31.
Price: 309.64, Change: -18.49, Percent Change: -5.63
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。