While reiterating its 'hold' recommendation on Air Liquide, Stifel has raised its price target from €194 to €197, based on virtually unchanged 2024 forecasts, but with a more pronounced earnings dynamic expected in 2025.

Like-for-like growth in the first quarter of 2024 could be as low as 1.5% y-o-y on high comparatives in Europe and Asia, but the broker believes that the growth rate should accelerate quarter by quarter in 2024.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.