Air Liquide: Oddo BHF remains positive ahead of sales figures
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' opinion and target price of E216 for Air Liquide shares, forecasting comparable sales growth of 3.
1% in Q3 (in line with the organic growth recorded in the second).
The group remains focused on improving its margins, notably by simplifying its structure and restructuring, the analyst says, pointing out that Air Liquide has raised its target for margin improvement.
Oddo BHF also notes that the stock continues to trade at a discount of nearly 25% to its peer Linde, which it feels is unjustified, given its expected average annual EBIT growth of 8.2% over 2023-26 (vs. 6.5% for Linde).
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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.
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.
1% in Q3 (in line with the organic growth recorded in the second).
The group remains focused on improving its margins, notably by simplifying its structure and restructuring, the analyst says, pointing out that Air Liquide has raised its target for margin improvement.
Oddo BHF also notes that the stock continues to trade at a discount of nearly 25% to its peer Linde, which it feels is unjustified, given its expected average annual EBIT growth of 8.2% over 2023-26 (vs. 6.5% for Linde).
Copyright (c) 2024 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.
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.