Noteworthy developments have recently been observed in the operations of Air Products & Chemicals (APD). The company has recently seen strong contributions in its Q3 performances, pushing their stock up by 9.5%. Various investment firms have revised their price targets upwards, with Wells Fargo setting theirs at $330.00 while Mizuho increased theirs to $360.00.
Activist investor D.E. Shaw has also stepped into the scene, seeking significant improvements and an overhaul of Air Products' board due to longstanding underperformance. Similarly, Mantle Ridge has purchased a significant stake in Air Products and is pushing for changes. This has led to a surge in the APD stock.
The company has also made strategic moves, completing a $1.81 billion sale of its liquified natural gas process technology and equipment business to Honeywell. In the renewable energy arena, Air Products and Tatung Forever Energy have inked a power purchase agreement for solar electricity in Taiwan. Furthermore, APD has appointed Eric Guter as Vice President and has announced the formation of a senior management board.
Air Products Chemicals APD News Analytics from Wed, 13 Mar 2024 02:47:39 GMT to Sat, 12 Oct 2024 16:10:03 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -3
