Bernstein cuts PT on Air Products, sees stabilization in second half of 2026
Bernstein cuts price target on industrial gas company Air Products APD.N to $300 from $320
The new PT represents a 14.5% upside to the stock's last close
Bernstein says 2025 was worst year for European chemicals share prices relative to broader indices this millennium, while U.S. chemicals underperformed the S&P500 by 60% over 2023-25
"Chemicals is a cyclical sector, so performance this bad should be a buying opportunity" - brokerage
Adds fundamentals are not yet supportive, as overcapacity and weak demand persists, and believes estimates were currently a touch high
However, brokerage says it is "not ready to give up" on chemicals yet and expects macro stabilization in the second half of 2026
13 of 24 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; median PT is $295.00 - data compiled by LSEG
In 2025, stock was down 14.83%
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
