Air Liquide: Stifel raises target price

(CercleFinance.com) - Stifel maintains its "hold" recommendation on Air Liquide shares, while raising its corresponding target price to 172 euros, from 157 euros previously, anticipating higher 2022 revenues.


The broker believes that Q4 should show a 5% y-o-y increase. Against this backdrop, the analyst believes that Air Liquide could slightly exceed its 2021 margin target of 60 bp.

According to Stifel, in 2022, the company's is expected to post double-digit EBIT growth, supported by solid volume growth as well as favourable price and currency momentum.


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