J.P. Morgan Resumes Coverage Of APD

J.P. Morgan, which said that it was restricted on Air Products & Chemicals Inc. APD due to its involvement in the transaction announced on February 5. 2010, is now free to resume coverage of the stock.

“Now that the transaction is complete, we are resuming coverage with an Overweight rating (previously Overweight) and a December 2011 price target of $104, previously a December 2010 price target of $90),” J.P. Morgan writes.

Air Products & Chemicals Inc. closed Friday at $91.22.