Air Liquide: Berenberg cuts, but still buying

(CercleFinance.com) - On Monday, Berenberg renewed its Buy recommendation on Air Liquide shares, while lowering its target price for the stock from E195 to E190.


Following a roadshow organised last week in Frankfurt with the industrial gases manufacturer, the analyst says he perceives a "limited" number of risks around the dossier.

Our key argument is based on the fact that, even if the climate remains dull in terms of volumes, Air Liquide remains confident in its ability to protect its price increases of recent years in the industrial merchant sector, it explains.


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