Wall Street analyst John McNulty from BMO Capital maintained a Buy rating on Air Products and Chemicals, a company in the Basic Materials sector, with a $366.00 price target. Despite recent challenges faced by the company, McNulty highlighted several reasons for his positive outlook. While the recent earnings report of the company showed mixed results, with earnings per share meeting preannounced expectations but EBITDA falling short, the market sell-offs and cost overruns on large-scale projects have made the company's valuation more attractive, presenting a potential buying opportunity. Additionally, Air Products and Chemicals is close to finalizing longer-term contracts related to its blue and green hydrogen projects. These projects are expected to not only enhance the company's credibility but also have the potential to drive stock performance in the future. McNulty also expressed optimism with the appointment of the new CEO, Eduardo Menezes, suggesting a possible reset in fiscal year expectations which could offer investors a more positive outlook. Another report by Mizuho Securities also maintained a Buy rating on the stock with a $385.00 price target.