Air Products & Chemicals (APD) Stock Price: $275 Target And In-Line Rating

By Amit Chowdhry ● Jun 3, 2022
  • The shares of Air Products & Chemicals Inc. (NYSE: APD) have received a $275 price target from Evercore ISI. These are the details.

The shares of Air Products & Chemicals Inc. (NYSE: APD) have received a $275 price target from Evercore ISI. And Evercore ISI analyst Stephen Richardson lowered is maintaining an “In-Line” rating on the shares.

Air Products; OQ (Oman’s leading integrated energy group); and ACWA Power recently signed a joint development agreement (JDA) toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman.

Envisioned for Oman’s Salalah Free Zone, the joint venture project would be based on proven and world-class technology, which would include the innovative integration of renewable power from solar, wind, and storage; production of hydrogen by electrolysis; production of nitrogen by air separation; and production of green ammonia.

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