Goldman Sachs Assigns Buy Rating to Air Liquide with Global Industrial and Medical Gas Leadership

Goldman Sachs has issued a Buy rating for Air Liquide, a leading global producer of industrial and medical gases. The company's sales are predominantly from gas production (95.5%) and associated services, with major markets in industries (75.1%), healthcare (15.5%), and electronics (9.4%). Geographically, Air Liquide operates across France, Europe, the United States, the Americas, Asia/Pacific, and Africa/Middle East, employing a workforce of 66,300.

Air Liquide (AIR.PA), a global leader in industrial and medical gas production, continues to garner attention from analysts following Goldman Sachs' recent reaffirmation of its Buy rating for the stock [1]. With a diverse portfolio of products and services, Air Liquide caters to various industries, including healthcare, electronics, and industries, among others [1].

The company's net sales breakdown reveals that industrial and medical gases production account for a significant 95.5% of the total sales [1]. Air Liquide's offerings span beyond gas production, encompassing control equipment, fluid systems management, and home care and hospital hygiene services [1].

Geographically, Air Liquide maintains a strong presence across the globe, with notable operations in France, Europe, the United States, the Americas, Asia/Pacific, and Africa/Middle East [1]. These regions contribute to a workforce of over 66,000 employees [1].

Goldman Sachs' analyst, Georgina Fraser, views the stock as attractive and maintains her target price of EUR 193 [2]. This confidence in Air Liquide's potential stems from the company's robust market position, diversified product offerings, and geographical reach [2].

As the world continues to recover from the COVID-19 pandemic and industries resume their operations, Air Liquide's essential products and services are poised to play a crucial role in the recovery process [3]. Moreover, the company's focus on sustainability and innovation could provide additional growth opportunities in the future [3].

In conclusion, Goldman Sachs' continued bullish stance on Air Liquide is a testament to the company's strong fundamentals, resilient business model, and promising growth prospects.

References:
[1] MarketScreener. (2023, February 10). AIR-LIQUIDE L - Goldman Sachs reiterates its Buy rating. Retrieved from https://www.marketscreener.com/quote/stock/AIR-LIQUIDE-4605/news/AIR-LIQUIDE-L-Goldman-Sachs-reiterates-its-Buy-rating-47836693/
[2] MarketScreener. (2023, February 2). AIR-LIQUIDE L - Goldman Sachs reaffirms its Buy rating. Retrieved from https://www.marketscreener.com/quote/stock/AIR-LIQUIDE-4605/news/AIR-LIQUIDE-L-Goldman-Sachs-reaffirms-its-Buy-rating-47499653/
[3] MarketScreener. (2023, February 3). AIR-LIQUIDE L - Goldman Sachs reaffirms its Buy rating. Retrieved from https://uk.marketscreener.com/quote/stock/AIR-LIQUIDE-4605/news/AIR-LIQUIDE-L-Goldman-Sachs-reaffirms-its-Buy-rating-47499653/