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Air Liquide : Stifel maintains buy rating

(CercleFinance.com) - Stifel maintains its buy rating on Air Liquide shares, along with its target price of 176 euros.


The analyst expects a slow Q3 in terms of volume, although strong in terms of prices. Growth could be convincing again at +6%, (+7.5% in Q2).

Stifel says that the strong order book should bring the group's annual comparable growth to +7%.

It adds that growth in the group should confirm its earnings and margin at constant exchange rates.

Given significant FX leverage, analysts expect the group to post double-digit growth in its 2022 earnings.

Air Liquide shares are currently down 0.3%, although a whisker ahead of the mark in Paris.


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