Air Liquide: Jefferies double upgrades stock
(CercleFinance.com) - Air Liquide's share price benefits from a double upgrade by Jefferies analysts, from 'underperform' to 'buy'.
In a sector note published on Wednesday, Jefferies analysts explain that they prefer manufacturers of industrial gases to suppliers of consumer chemicals.
Jefferies says that Air Liquide is in a position to improve its operating margins on the back of its price increases, an improvement which could even be accentuated in the event of a recovery in volumes.
In terms of valuation, the stock is trading at a 19% discount to consumer chemical companies in terms of price-earnings-growth (PEG) ratio, they point out.
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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.
In a sector note published on Wednesday, Jefferies analysts explain that they prefer manufacturers of industrial gases to suppliers of consumer chemicals.
Jefferies says that Air Liquide is in a position to improve its operating margins on the back of its price increases, an improvement which could even be accentuated in the event of a recovery in volumes.
In terms of valuation, the stock is trading at a 19% discount to consumer chemical companies in terms of price-earnings-growth (PEG) ratio, they point out.
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.