(News Bulletin 247) – Stifel maintains its buy advice on Air Liquide shares with an unchanged price target of 178 euros.
The analyst believes that Air Liquide should once again be able to prove its robust business model with ‘positive comparable growth and higher EBIT in the 2nd quarter’.
Stifel nevertheless recalls that the company is not immune to the economic context and that after growth of 6.6% in the Gas segment in the 1st quarter, growth should be limited to +2.5% in the 2nd quarter in this same sector. .
The analyst also indicates that the large industries sector is expected to decline in all the Large industries regions but that healthcare should continue on a good dynamic.
Finally, Stifel stresses that headwinds related to currency effects have intensified and will weigh some -4% in the 2nd quarter.
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