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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