RBC Maintains an Outperform Rating on Air Products and Chemicals (APD)

Air Products and Chemicals, Inc. (NYSE:APD) is one of the 9 Best Hydrogen and Fuel Cell Stocks to Buy Now.

On April 24, 2026, RBC Capital raised Air Products and Chemicals, Inc. (NYSE:APD)’s price target to $338 from $325. It maintained an Outperform rating. The firm determining first-quarter performance for specialty chemical industries said that company-specific accelerators should continue to strengthen in 2026, favoring stocks with modest exposure to Middle Eastern upheaval and rising oil prices.

On April 24, 2026, Air Products and Chemicals, Inc. (NYSE:APD) declared that it will build, own, and operate a brand new air separation facility in Cocoa, Florida. The facility will produce liquid oxygen, nitrogen, and argon. It is expected to start working in the second half of 2028.

RBC Maintains an Outperform Rating on Air Products and Chemicals (APD)

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Francesco Maione, president of the Americas, said that the location will help space launch operators in Florida and also position the corporation to meet increased demand from the booming space launch industry. Air Products and Chemicals, Inc. (NYSE:APD) disclosed that the production facility will also serve regional merchant markets in industries such as metals processing, manufacturing, medical, and chemicals, besides growing its existing U.S. network of around 70 air separation units.

Air Products and Chemicals, Inc. (NYSE:APD) manufactures and distributes atmospheric gases. It operates in the Americas, Asia, Europe, the Middle East, India, and Corporate and Other.

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