On Thursday, Barclays renewed its 'overweight' recommendation on Air Liquide, while raising its target price for the stock from €190 to €220.

In view of current growth trends and the Group's investment projects, we believe that the historical valuation range for Air Liquide shares is no longer an appropriate framework", the British bank points out in a note.

Barclays thus considers that, in a scenario deemed favorable, the share could reach a valuation of 275 euros.

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