JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com - TD Cowen has raised its price target on Air Liquide SA (EPA:AI) (OTC:AIQUY) to EUR205.00 from EUR200.00 while maintaining a Buy rating on the industrial gas company. The stock has shown strong momentum, gaining over 29% year-to-date and trading near its 52-week high of $42.68. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The company reported second-quarter comparable sales growth of 1.9%, exceeding the consensus estimate of 1.6%, driven by stable year-over-year growth in its Healthcare division and increases in the Industrial Merchant segment.
Air Liquide’s first-half Operating Income showed a 100 basis point increase, keeping the company on track with its margin expansion target. Management indicated that cost savings opportunities are expected to extend beyond 2026.
The company’s project backlog continued to grow, reaching EUR4.6 billion, up from EUR4.5 billion in the first quarter of 2025.
For the second half of 2025, Air Liquide expects its Electronics segment to return to growth with top-line momentum similar to the first half, as continued positive activity is balanced with conservatism given macroeconomic uncertainties.
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