Air Liquide: UBS raises target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Air Liquide shares, having increased its target price for them from 144 euros to 148 euros, with its new target price suggesting that upside potential of 11% for the French industrial gases supplier's stock.


The broker points to strong Q3 results and the proposed delisting of its peer Linde from the Frankfurt stock exchange, which "could act as powerful catalysts to a re-rating".


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