Air Products and Chemicals Inc. (NYSE:APD) is included among the 15 Best Dividend Growth Stocks to Buy Now.
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On November 7, RBC Capital reduced its price target on Air Products and Chemicals Inc. (NYSE:APD) to $325 from $350 while maintaining an Outperform rating on the stock, according to a report by The Fly. The firm noted that shares rallied after earnings, reflecting growing confidence in the company’s turnaround strategy. However, the price target was revised downward as analysts await further clarity on the LA Blue project.
Air Products and Chemicals Inc. (NYSE:APD) aims to play a leading role in addressing global energy and environmental challenges through advancements in gasification, carbon capture, and clean hydrogen. The company has several major hydrogen projects in progress that are expected to drive long-term growth.
Among these, construction of the NEOM Green Hydrogen Project in Saudi Arabia is already 80% complete, with production slated to begin by 2027. The company is also developing an $8 billion blue hydrogen project in Louisiana, a $3.3 billion project in Canada, and a smaller $360 million green hydrogen facility in Arizona that could start operations in 2026.
Air Products and Chemicals Inc. (NYSE:APD), a global leader in industrial gases and LNG processing technology, continues to strengthen its position in the clean energy sector.
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