JPMorgan upgrades Air Products and Chemicals as helium prices recover

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices on pace for weekly loss as Iran war dents rate cut bets Citi says Brent crude prices could rise to this level in a prolonged Iran conflict UBS remains confident in U.S. stocks, sees S&P 500 hitting 7,700 Oil gyrates as U.S. looks to lift crude supply - what’s moving markets 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights JPMorgan upgrades Air Products and Chemicals as helium prices recover By Author Pratyush Thakur Stock Markets Published 03/20/2026, 01:14 PM JPMorgan upgrades Air Products and Chemicals as helium prices recover 0 APD -0.57% Investing.com -- JPMorgan upgraded Air Products and Chemicals to Overweight, citing more stable earnings relative to peers and a potential recovery in helium pricing following recent geopolitical disruptions. The brokerage said the company is positioned to outperform in an environment marked by slower economic growth, higher inflation and rising interest rates, given the predictability of its earnings. Track chemical stock and get insights on InvestingPro - 50% off Air Products’ results have been weighed by lower helium prices and excess supply, but JPMorgan said pricing is now turning higher after disruptions linked to the closure of the Strait of Hormuz and attacks on Qatar’s Ras Laffan energy complex, a key global supply hub. The bank expects this shift to reduce the earnings drag from helium in fiscal 2026 and support a recovery in profitability. It now sees the EBITDA impact from helium at about $120 million, smaller than the company’s earlier estimate of roughly $150 million. JPMorgan also said higher oil prices should lift demand in chemicals and refining, which together account for roughly 40% to 50% of Air Products’ revenue, driving stronger volumes in North America. The company’s business model provides some insulation from cost pressures, with about half of its sales tied to long-term on-site contracts that pass...