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Barclays analyst Aleksey Yefremov initiates coverage on Air Products (NYSE:APD) with a Overweight rating and announces Price Target of $353.
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Four sectors are higher and seven are lower in Tuesday’s regular session, with cyclical sectors holding two of the top three positions. Materials sits well clear of the lower group, separated by a margin several times wider than any other gap in the table.
Nine of 11 sectors are higher in Monday’s regular session, with cyclical sectors holding two of the top three positions. The leaders are separated rather than clustered, with Energy, Communication Services and Financials setting a varied pace across the top of the table.
Air Products and Chemicals (APD) has entered a definitive agreement to design, build, and operate Malaysia's first LNG-based air separation unit (ASU) at the Pengerang LNG terminal in Johor. The facility, expected to come online by early 2027, will produce over 600 tons daily of liquid oxygen, nitrogen, and argon for industrial sectors. The project leverages LNG regasification cold energy to reduce energy consumption and emissions while expanding APD's production capabilities in the region.