Air Products and Chemicals, Inc. (NYSE: APD) is among the 11 Best hydrogen actions to invest now. Citi reiterated its purchase rating for air and Chemicals, Inc. (NYSE: APD) and raised its price target from $ 310 to $ 320 on June 30. The change is made before the results of the company’s Q2 for Linde and Air Products and Chemicals, Inc. (NYSE: APD) products, noting the trends and gains in improved foreign currency. Citi’s positive prospects for the industrial gas group in North America are reflected in the movement.
A line of workers in a refinery bearing protective combinations and masks, supervising the production process of specialized gas.
Air Products and Chemicals, Inc. (NYSE: APD), an important player in the industrial gas market, benefits from industry conditions that promote coherent yields. Although industrial gases are basic products, these are critical contributions to customer operations and represent only a small amount of total costs. Producers like Air Products and Chemicals, Inc. (NYSE: APD) can obtain long -term contracts and premium prices because of this dynamic. Citi’s persistent positive attitude is supported by predictable cash flows and sustainability, which are facilitated by high switching costs and the crucial role that these gases play in maintaining continuous production. It is ranked second on our list of Best hydrogen stocks.
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Read then: 10 EV shares with high growth to invest And 13 Best car actions to buy in 2025.
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