“Air Liquide seems well equipped to create long-term value”: Berenberg analysts ever more optimistic about the action of the French champion at the top
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Every week, Le Figaro Patrimoine et Bourse relays confidential information identified in analyst notes to help you in your investment decisions.
To date, only one CAC 40 stock has set a record in November: Air Liquide, at more than 190 euros. According to Berenberg, it's not over: still buying, the German design office has just raised its target from 205 to 210 euros. Analyst Sebastian Bray lists the good news that explains this favorable trend.
Firstly, the investor day on October 5 during which the French industrial and medical gas giant presented its Beyond strategic plan for 2030. The specialist retains three elements: “margins which can still improve, more returns of capital to shareholders, and sustained organic sales growth of around 4% per year”. He also estimates that Air Liquide will be able to reduce, “over the coming years, the operating margin gap by around 800 basis points compared to Linde”, the giant of the sector listed in New York.
He also reports “the rapid start of the buyback program…
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- Le Figaro9 Nov, 07:15
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