10:15 AM EDT, 05/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We decrease our 12-month target by $32 to $337, or 25.0x our FY 26 (Sep.) EPS estimate, above APD's three-year avg. forward P/E of 22.6x, which we think is warranted by strong secular growth in APD's core markets. We lower our FY 25 EPS estimate by $0.83 to $12.04 and FY 26 by $0.70 to $13.49. APD posted FQ2 adj. EPS of $2.69 vs. $2.85, $0.14 below consensus. Revenues during FQ2 remained flat at $2.9 billion (which was in line with consensus), as higher energy cost pass-through and improved pricing offset lower volumes. The volume decline was primarily attributed to the September 2024 LNG divestiture and lower global helium demand. Regionally, Europe showed strong growth, with a 9% increase in sales, while the Americas grew 3% and Asia experienced a slight decline. FQ2 adjusted EBITDA decreased by 3% Y/Y to $1.17 billion, reflecting the challenging operating environment. Management also revised down the FY 25 adj. EPS guidance to $11.85-$12.15.