Air Products & Chemicals Upgraded By Atlantic Equities

Air Products & Chemicals, Inc. (NYSE:APD), Bill Ackman’s latest target of shareholder activism, continues to get  upgrades from analysts. Atlantic Equities, which had downgraded APD to Neutral from Overweight in April this year,  has now upgraded the company to Overweight again, according to the latest report dated September 19. APD weak in most respects compared to peers The firm upgraded its price target to $125 from $93 on the expectation of the company showing definite growth. The report notes that APD is underperforming its peers, chiefly Praxair, Inc. (NYSE:PX), and has shown weak operating performance, deteriorating asset utilization and poor…