RBC Capital Maintains Outperform Rating on Air Products (APD) Despite Lower Price Target

Group 1 - Air Products and Chemicals Inc. (APD) is recognized as one of the 15 Best Dividend Growth Stocks to buy now [1] - RBC Capital has maintained an Outperform rating on APD while lowering its price target from $350 to $325, citing a rally in shares post-earnings and awaiting clarity on the LA Blue project [2] - The company is focused on addressing global energy and environmental challenges through advancements in gasification, carbon capture, and clean hydrogen [3] Group 2 - APD is advancing several major hydrogen projects, including the NEOM Green Hydrogen Project in Saudi Arabia, which is 80% complete and expected to begin production by 2027 [4] - Additional projects include an $8 billion blue hydrogen project in Louisiana, a $3.3 billion project in Canada, and a $360 million green hydrogen facility in Arizona, anticipated to start operations in 2026 [4] - The company continues to strengthen its position in the clean energy sector as a global leader in industrial gases and LNG processing technology [5]