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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT for Praxair

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In a company note published earlier today, Jefferies & Company, Inc. reiterated its Buy rating for Praxair, Inc. (NYSE: PX), but lowered its price target from $134.00 to $122.00.

Jefferies & Company went on to say “We are lowering 2012E by $0.05 to $5.80 to reflect adverse F/X and risks to volumes in 2H12. We are also lowering 2013E by $0.10 to $6.60 to reflect a slower volume recovery next year. With bidding activity still high, we believe the industrial gas industry fundamentals are intact.”

Praxair, Inc. closed on Friday at $105.58.

Latest Ratings for PX

DateFirmActionFromTo
Jul 2014First AnalysisUpgradesEqual-weightOverweight
Jul 2014William BlairDowngradesOutperformMarket Perform
Jul 2014JP MorganMaintainsNeutral

View More Analyst Ratings for PX
View the Latest Analyst Ratings

Posted-In: Jefferies & Company Inc.Analyst Color Price Target Reiteration Analyst Ratings

 

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