Air Products and Chemicals, Inc. (NYSE:APD) is among the 11 Most Oversold S&P 500 Stocks Heading into 2026. On December 11, Argus Research lowered its price target on the stock to $265 from $317, while maintaining a Buy rating on the shares.
In a research note to investors, the analyst mentioned ongoing macroeconomic headwinds from soft demand and high input costs, but added that the situation is likely to ease in 2026. Despite the challenging environment, Argus expects improvements in EBITDA and revenue ahead.
On the same day, UBS downgraded Air Products and Chemicals, Inc. (NYSE:APD)’s rating to Neutral from Buy, and slashed its price target down from $310 to $250. The analyst noted the recent decline in share price following the company’s updates on the Louisiana and NEOM projects.
While UBS feels the plunge could be an overreaction, the firm believes that earnings growth over the medium term could fall below prior expectations. Moreover, it also sees a slower path to free cash flow improvement for the company.
In other news, on December 10, Deutsche Bank also cut its price target on Air Products and Chemicals, Inc. (NYSE:APD) to $255 from $285. However, it reiterated a Hold rating on the shares.
Despite recent analyst updates, Wall Street analysts have a consensus Moderate Buy rating on the stock, with a one-year average share price target of $304.19, implying a 25% upside.
Air Products and Chemicals, Inc. (NYSE:APD) is an industrial gases company that serves the energy, environmental, and emerging markets. The stock has had a challenging 2025 and is down 16% year-to-date.
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