In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Hold rating on Air Products & Chemicals APD, and raised the price target from $134.00 to $160.00.
In the report, Jefferies noted, “We are lowering estimates for Linde to reflect a likely incremental headwind from energy-related markets in 2015-2016. We have also raised our estimates for Air Products, where restructuring efforts should more than offset sluggish end-market trends, and we are raising our 12-month price target $26 to $160, a 1.25x PEG ratio.”
Air Products & Chemicals closed on Friday at $143.83.
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