Barclays: Air Products price target lowered to $355 from $365 at Barclays

Barclays analyst Michael Leithead lowered the firm's price target on Air Products ( APD ) to $355 from $365 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the chemicals and packaging group. The firm made negative commodity revisions and is "patiently waiting" for a turn. The overhangs on cyclical names are likely not to be addressed this quarter, the analyst tells investors in a research note. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >>