Rochester,NY 7/11/2009 1:54:53 AM
Afternoon Stock Report - APD - Ahead of the Bell: Air Products & Chemicals - Sourced WhisperFromWallStreet.com
Air Products & Chemicals Inc.
Afternoon Stock Report - APD - Ahead of the Bell: Air Products & Chemicals - Sourced WhisperFromWallStreet.com
Air Products & Chemicals Inc. APD
The potential for a rebound in its semiconductor business and cost savings were among the factors that led a KeyBanc analyst to raise his investment rating on Air Products & Chemicals Inc. on Wednesday.
KeyBanc Capital Markets analyst Michael Sison raised his rating on the company, which supplies oxygen and other gases for the industrial and medical sectors in addition to semiconductor materials industry, to "Buy" from "Hold" and set a price target of $80.
Sison said industry checks suggest "demand picked up stronger than expected" during the second calendar quarter in the company's chip segment.
He projected a 24 percent decline in volume for the three months ended in June, up from a previously estimated decline of 37 percent.
Sison also noted the Allentown, Pa. company's share price, which is down nearly 21 percent year-to-date and 37 percent over the past 12 months.
Last Trade: 63.06
Day's Range: 62.05 - 63.85
52wk Range: 41.46 - 100.14
Volume: 669,969
ABOUT - Air Products & Chemicals Inc.
Air Products and Chemicals, Inc. offers atmospheric gases, process and specialty gases, performance materials, and equipment and services worldwide. The company's Merchant Gases segment sells industrial gases, such as oxygen, nitrogen, and argon; hydrogen and helium; and certain medical and specialty gases for metal, glass, chemical, food, medical, steel, general manufacturing, and petroleum and natural gas industries, as well as offers respiratory therapies, home medical equipment, and infusion services. Its Tonnage Gases segment provides hydrogen, carbon monoxide, nitrogen, oxygen, and syngas to the petroleum refining, chemical, and metallurgical industries, as well as produces di-nitrotoluene used in the manufacture of a precursor of flexible polyurethane foam.
---
During 2009 we have sent 40+ alerts with an average gain of over 80%. Below are a few alerts sent only to our whisperfromwallstreet.com members.
SPNG 1800%
AMNG 241%
RKBD 300%
UTRM 169%
TLLE 266%
Sign up now to receive free stock alerts
---
Please Read Our Disclaimer at http://whisperfromwallstreet.com/disclaimer.php
