Air Liquide: Deutsche Bank changes to 'buy'.
(CercleFinance.com) - Deutsche Bank has upgraded its recommendation on the Air Liquide share.
It has shifted from a “hold” to a “buy”.
Analysts predict improvement both in growth and in margins. The associated target price moves from 108 euros to 128 euros.
According to the research note, Air Liquide has changed its profile as an investment. It is no longer only a bet on future growth but now also a “more pragmatic and disciplined” investment story, with the integration of the US Airgas and the NEOS performance programme.
Deutsche also considers that the recent consolidation in the sector (whilst Linde is in the process of merging with Praxir) will drive prices in certain regions, and it argues in favour of disciplined investments.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
It has shifted from a “hold” to a “buy”.
Analysts predict improvement both in growth and in margins. The associated target price moves from 108 euros to 128 euros.
According to the research note, Air Liquide has changed its profile as an investment. It is no longer only a bet on future growth but now also a “more pragmatic and disciplined” investment story, with the integration of the US Airgas and the NEOS performance programme.
Deutsche also considers that the recent consolidation in the sector (whilst Linde is in the process of merging with Praxir) will drive prices in certain regions, and it argues in favour of disciplined investments.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.