Jefferies upgraded Air Liquide (AIQUY) to Buy from Underperform with a price target of EUR 190, up from EUR 151. The firm approaches 2025 in European chemicals with some subsector view changes. It is more constructive on diversified chemicals versus the cyclicals on improved volumes and spreads. The analyst also favors industrial gases versus consumer on improving relative growth and pricing power. Jefferies also expects the agriculture end markets to extend their challenging outlook.
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Read More on AIQUY:
- Air Liquide price target lowered to EUR 200 from EUR 201 at Citi
- Air Liquide price target raised to EUR 210 from EUR 200 at Barclays
- Air Liquide price target raised to EUR 201 from EUR 190 at Citi
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