What does the APD analyst rating 'Market Perform' mean?

A Market Perform APD analyst rating means the analyst expects APD to deliver returns in line with the market. It indicates limited near-term upside but recognizes steady fundamentals and reliable dividends. It is not a buy or sell call.

Did BMO change the APD price target with this rating?

No. On **February 2, 2026** BMO maintained Market Perform and did not publish a new APD price target in the public note tied to the coverage update. Investors should watch for future updates.

How should I react to this APD analyst rating as an investor?

Treat the APD analyst rating as confirmation of steady fundamentals, not a buy signal. Income investors may focus on dividends. Growth investors should wait for upgrades or price target increases before increasing exposure.

Where can I read the full BMO note on APD?

The BMO commentary was published on StreetInsider on **February 2, 2026**. Read the full note for details and exact phrasing at StreetInsider [source](https://www.streetinsider.com/Analyst+Comments/BMO+Capital+on+Air+Products+%26+Chemicals+Inc.+%28APD%29%3A+%27We+Remain+Market+Perform+but+Continue++

Analyst Ratings

BMO Maintains Market Perform on Air Products and Chemicals, Inc. (APD) Feb 2026

ByHuzaifa Zahoor February 3, 2026February 3, 2026

On February 2, 2026 BMO Capital maintained its Market Perform rating on Air Products and Chemicals, Inc. (APD), the latest APD analyst rating that signals measured confidence. The note said the firm is “warming up” to APD while keeping a neutral stance. The action followed recent earnings that reaffirmed guidance and a dividend increase. Meyka AI rates APD with a grade of B, a composite that factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. This grade is not a guarantee and is not investment advice.