UBS reaffirms its 'buy' recommendation on Air Liquide, with a price target maintained at 215 euros, representing an estimated upside potential of 13% for the share, following the French industrial gases group's first-quarter results.

We expect organic sales growth to accelerate in 2024, thanks to improved pricing, a recovery in electronics and the contribution of start-ups", the broker forecasts in the summary of its note.

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