Market Wrap: HSBC Shuffles Retail and Energy Ratings as Air Liquide Posts FY Results

Key TakeawaysAir Liquide (AI) reported full-year revenue of €26.94 billion, narrowly missing analyst estimates of €27.07 billion, but significantly increased its dividend to €3.70 per share.HSBC issued a series of high-profile rating changes, downgrading Walmart (WMT) to Hold while raising price targets for Merck & Co (MRK) and Occidental Petroleum (OXY).Hungary’s MOL (MOL) has been granted priority access to national strategic crude oil reserves to ensure supply stability following the total halt of delive ...