Bank of America Boosts APD Price Target, Sees Commodity Tailwinds Into 2026

Air Products and Chemicals, Inc. (NYSE:APD) is included among the 10 Best Dividend Aristocrat Stocks to Buy in 2026.

Bank of America Boosts APD Price Target, Sees Commodity Tailwinds Into 2026

On April 21, Bank of America raised its price recommendation on Air Products and Chemicals, Inc. (NYSE:APD) to $303 from $280. It reiterated a Neutral rating on the shares.  The firm said commodity markets moved higher through March and into April, tied to the Iran conflict. That shift is pushing upstream forecasts for 2026 higher starting in Q2, while at the same time leading to cuts for downstream producers, the analyst wrote in a preview of the U.S. chemicals group.

On April 20, Berenberg upgraded Air Products to Buy from Hold. It also raised its price target to $350 from $275. The firm pointed to better capital allocation and pricing momentum reflected in its AI-driven nowcasting model. It also noted that higher helium prices linked to the Iran conflict may not last, but broader inflation should support steady pricing for merchant gases outside helium, according to the research note.

Air Products and Chemicals, Inc. (NYSE:APD) operates in industrial gases. The company focuses on energy, environmental, and emerging markets. Its core business supplies essential industrial gases, along with related equipment and applications expertise. It serves a wide range of industries, including refining, chemicals, metals, electronics, manufacturing, and food.

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