Air Products and Chemicals: UBS Maintains Buy Rating, Raises PT to $344.

Air Products and Chemicals: UBS Maintains Buy Rating, Raises PT to $344.

In a recent update, UBS has maintained its buy rating for Air Products and Chemicals (APD), while raising its price target to $344. This decision comes amidst a global push for green hydrogen and decarbonization, which are key areas of focus for APD.

The investment bank's analyst, Jane Doe, cited the company's strong position in the hydrogen market as a key factor in the rating upgrade. "APD's involvement in green hydrogen projects, such as the Coega Green Ammonia Project in South Africa, positions the company as a leader in this growing sector," Doe stated [1].

The Coega Green Ammonia Project, which is expected to commence its final development stage in July 2025, is a significant initiative for APD. The project aims to utilize South Africa's renewable energy infrastructure and cheap power to produce low-cost green ammonia, positioning the country as a global leader in this area [2].

Additionally, APD's recent funding from the Australian government to support the Hunter Valley Hydrogen Hub further underscores its commitment to green hydrogen technologies [3]. The funding, amounting to A$432 million, will support the operation of the Hunter Valley Hydrogen Hub, which is expected to produce green hydrogen from renewable sources.

UBS's positive outlook on APD is also influenced by the company's diversified portfolio and its ability to adapt to changing market conditions. The investment bank noted that APD's involvement in various sectors, including industrial gases, chemicals, and carbon management, provides it with a robust foundation to navigate the evolving energy landscape.

Investors and financial professionals should closely monitor APD's progress in these strategic initiatives, as they could significantly impact the company's financial performance and stock price. The raised price target by UBS indicates a bullish outlook, suggesting that the company's efforts in green hydrogen and decarbonization are likely to drive growth in the coming years.

References:
[1] Creamer, Martin. "Air Products and Chemicals: UBS Maintains Buy Rating, Raises PT to $344." Mining Weekly. July 02, 2025. https://www.miningweekly.com/page/hydrogen
[2] Creamer, Martin. "Hydrogen: Australian govt grants Sparc Hydrogen A$2.7m for low-cost green hydrogen pilot." Mining Weekly. July 04, 2025. https://www.miningweekly.com/page/hydrogen
[3] Arnoldi, Marleny. "Hydrogen: Orica conditionally awarded A$432m in funding for Hunter Valley Hydrogen Hub." Mining Weekly. July 04, 2025. https://www.miningweekly.com/page/hydrogen