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April 14, 2014
11:47 EDTADPADP, Enterprise Products expand relationship
Air Products announced a long-term agreement with Enterprise Products Operating, a wholly-owned subsidiary of Enterprise Products Partners, that will increase hydrogen supply for refinery and petrochemical customers connected to Air Products' Gulf Coast Connection Pipeline system. Air Products will build, own, and operate a 40M standard cubic feet per day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation facility Enterprise is currently constructing in Mont Belvieu, Texas. The new PDH plant is scheduled to begin service in 3Q15.
News For ADP From The Last 14 Days
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April 24, 2015
10:59 EDTADPFollow-up: ADP downgraded on valuation at Evercore ISI
As previously reported, Evercore ISI downgraded ADP to Hold from Buy and lowered its price target to $86 from $95. The firm downgraded shares due to valuation and continues to expect new product cycles to drive share gains.
10:00 EDTADPOn The Fly: Analyst Downgrade Summary
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08:55 EDTADPADP downgraded to Hold from Buy at Evercore ISI
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April 21, 2015
07:31 EDTADPPaychex upgraded to Neutral from Underweight at JPMorgan
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