Air Liquide stock steadies after Mizuho starts coverage
Published on 08/31/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Air Liquide S.A. stock moved with a new analyst note on August 31, 2026, after Mizuho started coverage with an Outperform rating and a EUR 200 price target, implying 17% upside.
The same call highlighted EUR 497 million of efficiencies in 2024, EUR 631 million in 2025, and EUR 299 million in the first half of 2026, a stepped-up pace that supports the earnings story.
Efficiency gains add up
The efficiency sequence itself is the point: EUR 631 million in 2025 was already EUR 134 million above the 2024 level, and the additional EUR 299 million in the first half of 2026 shows the program did not slow.
That matters because the market is weighing not only industrial demand but also how much of the sales growth can reach profit. The latest note argues that Air Liquide's earnings algorithm is improving as cost savings accumulate.
Price backdrop in Paris
Air Liquide shares were last quoted at EUR 170.24 in Euronext Paris trading on August 31, 2026, with the stock up 1.54% for the year and 0.26% on the session in the cited snapshot.
That leaves the stock below Mizuho's EUR 200 target, while the average target cited in the same market note was EUR 197.50.
What the business sells
Air Liquide's industrial gases franchise spans oxygen, nitrogen, and hydrogen for industry, healthcare, and electronics, so the margin story depends on both volume trends and execution on efficiency.
Shares at a glance
As of August 31, 2026, Air Liquide traded at EUR 170.24 in the cited Paris quote snapshot, giving the stock a clear reference point against the EUR 200 analyst target.
Investor facts
Company: Air Liquide S.A.
ISIN: FR0000120073
Ticker: AI
Exchange: Euronext Paris
Sector / Industry: Materials / Industrial Gases
Index membership: CAC 40
Market cap: not stated in the cited sources
Next earnings date: August 31, 2026
