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Fly News Breaks for January 27, 2020
APD
Jan 27, 2020 | 08:42 EDT
Wells Fargo analyst Michael Sison raised his price target for Air Products to $260 from $250 giving the company's "impressive" organic sales growth during Q1 and steady deployment capital for growth. Nonetheless, the analyst reiterates an Equal Weight rating on the shares given the stock is trading at a fiscal year 2020 EV/EBITDA of about 14.0-times discounting strong EPS growth despite a tough external environment.
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