Kepler Cheuvreux upgrades Air Liquide to 'buy' on 'safe-haven' status

LAir Liquide Societe Anonyme Pour letude Et lexploitation Des Procedes George

31/03/2026 08:39

** Kepler Cheuvreux upgrades French industrial gases company Air Liquide AIRP.PA to "buy" from "hold" as its resilient business model and cost savings boost earnings

** Broker views the firm as a "safe-haven stock" with "bulletproof resilience" aided by its take-or-pay contracts and high exposure to healthcare and food sectors

** The firm posted solid FY 2025 results expanding its operating EBIT margin by 80 basis points, broker adds

** Co aims to expand its margin by a further 100 basis points annually in 2026 and 2027 which supports shareholder confidence the brokerage concludes

** Out of 24 analysts that cover Air Liquide, 20 rate the stock "strong buy" or "buy," ​three rate "hold" and one rates the stock "sell" - LSEG data

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))