Jefferies Maintains Buy Rating and $122 PT on Praxair
A report from Jefferies reiterates its Buy rating and $122 price target on Praxair Inc. (NYSE: PX).
In the report, Jefferies writes, “We estimate Praxair's two recent transactions will add $0.02-$0.03 to 2012E EPS, supplementing an estimated $0.30 tailwind from on-site projects coming onstream. We continue to view Praxair's business model as one of the most resilient in the sector, and reiterate our Buy rating.”
PX closed yesterday at $98.73.
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