The key focus has been on
Air Products & Chemicals, as evidenced by multiple changes and pivotal decisions made over recent months. Several headlines underscored that CONFLUENCE INVESTMENT MANAGEMENT LLC added
116,139 shares of
Air Products & Chemicals to their portfolio, and new management team for the company is attempting to derisk the company's project pipeline.
Furthermore, the appointment of
Eduardo F. Menezes as CEO was also a major point of discussion, with the company urging shareholders to protect the company's stability and path to value creation. The appointment was not without challenges, however, as activist Mantle Ridge criticized leadership and demanded a board overhaul. Churchill Downs was also noted to have nominated four directors. In terms of financial performance, the company faced a major $3.1 bn hit, while a preliminary voting result from the 2025 annual meeting was reported.
Barclays adjusted the Price Target from $365 to $355, but managed to retain an Overweight rating. Furthermore, Green Hydrogen Deal was announced, showcasing the company's diversification and initiative towards sustainability.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Fri, 04 Apr 2025 16:45:17 GMT -
Rating 3
- Innovation -1
- Information 7
- Rumor -4
