RBC Lifts Air Products and Chemicals Price Target to $360.00

Royal Bank of Canada has raised its price target for Air Products and Chemicals (NYSE:APD) from $358.00 to $360.00 in a recent research note.

The brokerage currently maintains an 'outperform' rating on the company's stock, indicating a potential upside of 20.57% from APD's current price of $298.58.

This move follows other analysts' updates, including Deutsche Bank Aktiengesellschaft, which reiterated a 'hold' rating with a $320.00 price target, and Wells Fargo & Company, which raised its target price on APD from $340.00 to $350.00 while giving the stock an 'overweight' rating.

Air Products and Chemicals has seen several upgrades in recent months, including BMO Capital Markets raising its price objective on the stock from a 'market perform' rating to an 'outperform' rating with a target of $360.00, and JPMorgan Chase & Co. lifting its price target from $310.00 to $330.00 while maintaining an 'overweight' rating.