While maintaining its 'hold' recommendation on Air Liquide, Stifel has raised its price target from €188 to €194, in the wake of an EBIT assumption raised by 5% for 2024, implying 7% growth compared with 2023.

The broker explains that it is raising its 2024 estimates by becoming 'more constructive on like-for-like growth and margin progression', but anticipates, 'after a strong rise in the share price in 2023, a more moderate trend in 2024'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.