Argus Research raises PT on Air Products

Argus Research raises PT on paint supplier Air Products APD.N to $316 from $265

The new PT represents a premium of 10.4% to the stock's last close

Brokerage says that while the near-term environment has been challenging with industrial demand weakness and high input costs, it expects conditions to improve through the next year

"We think the shares still offer value and like the combination of improving fundamentals and higher earnings potential," adds brokerage

14 of 25 brokerages rate the stock "buy" or higher and 11 "hold"; median PT is $314.54 - data compiled by LSEG

As of last close, APD up ~16% YTD