Activist investor Mantle Ridge on Monday won support from a second proxy advisory firm as it battles for board seats at industrial gases company Air Products and Chemicals with an eye to changing strategy and finding a successor for its CEO.

Air Products (NYSE:APD) +2.5% in Monday's trading as proxy advisory firm ISS recommended shareholders elect three of activist investor Mantle Ridge's four director candidates to the company's board, citing concerns with the board's strategy oversight and succession planning for CEO Seifi Ghasemi.

Fintel reports that on January 14, 2025, Wells Fargo upgraded their outlook for Air Products and Chemicals (NYSE:APD) from Equal-Weight to Overweight. Analyst Price Forecast Suggests 15.06% Upside As of December 23,

Air Products (NYSE:APD) +2% in Tuesday's trading as Wells Fargo upgrades shares to Overweight from Equal Weight with a $350 price target, bumped up from $330, anticipating an improved company following the upcoming annual general meeting,