Air Liquide: Stifel still on hold - same TP
(CercleFinance.com) - Stifel maintains its 'Hold' recommendation on Air Liquide shares, maintaining its target price for them at E186.
For the analyst, the 100-bp margin increase (as high as in H1) comes as good news.
At +3.6% comparable gas growth in Q3 is in line with the analyst's expectations, noting that electronics is gaining ground in Asia and the US.
Cash flow was E1.6bn (+4% after adjustment for exchange rates), Stifel notes, which is pleased to see EPS growth forecasts after FX adjustments confirmed.
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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.
For the analyst, the 100-bp margin increase (as high as in H1) comes as good news.
At +3.6% comparable gas growth in Q3 is in line with the analyst's expectations, noting that electronics is gaining ground in Asia and the US.
Cash flow was E1.6bn (+4% after adjustment for exchange rates), Stifel notes, which is pleased to see EPS growth forecasts after FX adjustments confirmed.
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.