Air Products +4.4% as Ackman sees shares rising to $200 in three years

|About: Air Products and Chemicals,... (APD)|By:, SA News Editor

Bill Ackman thinks there's room for Air Products' (APD +4.4%) stock price to nearly double to $200-plus in the next few years with the right management, after former CEO John McGlade stepped down in September under pressure from Ackman's Pershing Square hedge fund.

There’s “no reason” why APD's operating margin should trail competitor Praxair by seven percentage points, Ackman says; APD is "a great emerging markets play" - a stable, predictable business that will benefit as the world continues to industrialize.

Pershing Square doesn't have a seat on the board and will have no official say in who ends up getting the CEO job, but as APD's biggest shareholder with a 9.71% stake, it should have significant influence over the decision, Ackman says.