Air Liquide: Barclays raises target price
(CercleFinance.com) - Barclays maintains its 'Overweight' recommendation on Air Liquide shares, with a target price raised from E200 to E210, ahead of the industrial gases group's Q3 sales announcement, scheduled for 23 October.
Our sales growth forecasts are in line with consensus for the quarter, and we expect Air Liquide to give us confirmation that its growth has bottomed out, the broker says.
Barclays believes that consensus estimates for revenue growth in FY 2025 are too high, but that much of this can be offset by better margins.
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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.
Our sales growth forecasts are in line with consensus for the quarter, and we expect Air Liquide to give us confirmation that its growth has bottomed out, the broker says.
Barclays believes that consensus estimates for revenue growth in FY 2025 are too high, but that much of this can be offset by better margins.
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.