UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT for Praxair
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
|Feb 2017||Evercore ISI Group||Initiates Coverage On||Sell|
|Jan 2017||JP Morgan||Upgrades||Neutral||Overweight|
|Nov 2016||HSBC||Initiates Coverage On||Hold|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.