UPDATE: Jefferies Lowers Price Target on Air Products to $101

By Steven Anfield
Benzinga Staff Writer
October 24, 2011 7:38 AM

Symbols: APD

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Jefferies, Air Products (NYSE: APD) price target is lowered to $101.

Jefferies said that Q4 EPS of $1.51 was in line with consensus, the backlog rose another 10%, but the 2012 outlook was a touch lighter than expected. “With only an 11% premium to the S&P 500 and 27% discount to Praxair (PX, Buy), we reiterate our Buy rating.”

Air Products closed on Friday at $82.74.

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UPDATE: Jefferies Lowers Price Target on Air Products to $101

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