Air Liquide: Liberum maintains 'buy' rating
(CercleFinance.com) - Liberum has reinstated its 'buy' rating on Air Liquide shares, along with its target price 150 euros, the day after the company presented new sustainability targets, a topic about which it believes concerns are unfounded.
"There may be some disquiet about Air Liquide's forecast for future Hydrogen revenues, electrolyser investments and capital intensity," the broker acknowledges.
However, Liberum believes that "this is based on some misunderstandings about the size of the outsourced hydrogen market today, the distinction between brownfield and greenfield investments".
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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.
"There may be some disquiet about Air Liquide's forecast for future Hydrogen revenues, electrolyser investments and capital intensity," the broker acknowledges.
However, Liberum believes that "this is based on some misunderstandings about the size of the outsourced hydrogen market today, the distinction between brownfield and greenfield investments".
Copyright (c) 2021 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.