Dividend Kings and Aristocrats List: 32 Biggest Stocks

13. Air Products and Chemicals, Inc. (NYSE:APD)

Market Cap as of March 24: $63.7 Billion

On March 20, JPMorgan upgraded Air Products and Chemicals, Inc. (NYSE:APD) to Overweight from Neutral. It raised its price target on the stock to $310 from $280. The firm said it expects the shares to perform well in an environment where risks around slower economic growth, higher inflation, and rising interest rates have increased. The analyst pointed to the company’s stable earnings growth as a key factor.

JPMorgan also noted that helium prices are starting to move higher again. This shift is linked to the closure of the Strait of Hormuz and attacks on the Qatari Ras Laffan energy complex, which accounts for about 30% of global helium production. The firm expects Air Products to see stronger volumes as well. Higher utilization rates in its chemicals and refinery-related businesses in North America are likely to support that growth, especially as oil prices remain elevated.

Air Products and Chemicals, Inc. (NYSE:APD) operates as an industrial gases company. It focuses on serving energy, environmental, and emerging markets, while supplying industrial gases, equipment, and applications expertise across a wide range of industries, including refining, chemicals, metals, electronics, manufacturing, and food.