Air Products (APD) Price Target Raised to $303 by Bank of America

On April 21, Bank of America increased its price target for Air Products and Chemicals, Inc. (APD) to $303 from $280, while maintaining a Neutral rating. The upgrade reflects a positive outlook for commodity markets which have risen through March into April, influenced by the Iran conflict. Additionally, Berenberg upgraded APD from Hold to Buy and raised its price target to $350 from $275, citing improved capital allocation and pricing momentum. These changes in price targets highlight anticipated growth in the industrial gases sector.