Pershing’s Recent Stake Set To Unlock Value In APD

Pershing Square’s recent increase in its stake in Air Products & Chemicals, Inc. (NYSE:APD) is expected to unlock significant value to shareholders.

Baird Equity Research recently upgraded Air Products & Chemicals, Inc. (NYSE:APD) to Outperform with a revised price target pegged at $130.

Ackman Enhanced Stake In APD

As reported earlier, Bill Ackman has announced that Pershing Square has taken an almost a 10 percent share in Air Products & Chemicals, Inc. (NYSE:APD). He claimed he didn’t expect investors to start trying to figure out which...