Brokerage Firm Rating Update on Praxair (PX)

Praxair (PX) : Zacks Investment Research ranks Praxair (PX) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.31, which indicates as a Buy.

Praxair (PX) stock is expected to deviate a maximum of $8.65 from the average target price of $124.82 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $140 and the most muted being $112.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, CLSA, maintains their rating on the shares of Praxair (NYSE:PX). CLSA has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $125 per share from a prior target of $115. The rating by the firm was issued on August 2, 2016.

Praxair (NYSE:PX): The stock opened at $121.86 and touched an intraday high of $122.52 on Wednesday. During the day, the stock corrected to an intraday low of $121.4, however, the bulls stepped in and pushed the price higher to close in the green at $122.24 with a gain of 0.07% for the day. The total traded volume for the day was 731,265. The stock had closed at $122.16 in the previous trading session.

Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Companys products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The companys surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

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