Headlines

Morgan Stanley initiated coverage of Praxair with an Equal-weight rating and an $86 price target.

Analysts Paul Mann, Charles Dan, and Sophia Xia said, "We are initiating coverage of Praxair with an EW rating and an $86 price target. We have a favorable view of the industrial gas segment: we expect revenues to grow faster than the economy during the next 2-3 years and believe there is upside to consensus forecasts for both major US industrial gas companies, Praxair and Air Products. In our view, Praxair is the highest-quality industrial gas name in the global sector, with the highest historical returns on operating assets and equity; however, at current valuations Air Products appears more attractive over the next 12-18 months."

The bank expects the company to report 2010 EPS of $4.56, versus consensus estimates of $4.62.

Read the full story at: mysmartrend.com

0 Comment(s) Post a Comment   Be the first to comment on this item.  Comment on this item: Name: Company: Email: Comment: Security Code: Reload Image Enter the text shown in the box above. Comments that include profanity, personal attacks or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will not be posted to the site and/or will be removed from the site. You are fully responsible for the content you post. Neither the Association nor the publisher of this website, Data Key Communications, Inc, are responsible for the contents thereof or the opinions of the contributors. Contact and company information entered must be true and accurate. By submitting a comment, you agree to these terms and conditions.

More Headlines Showing Page 104 of 219 ‹‹First   ‹Previous Next›   Last›› 9/24/2010 Training Pays Off for Distributors ...more | comments Manufacturer training leads to sales for GAWDA members. 9/24/2010 Linde Sets Gas Mixture Record ...more | comments 110-component gas mixture is new world record. 9/24/2010 Rexarc Receives Exporting Honor ...more | comments Company tops Ohio small businesses for exporting. 9/23/2010 Small Biz Bill Moves On ...more | comments House sends Small Business Jobs Act to President's desk. 9/23/2010 FMCSA Shifts Hazmat Permit Rules ...more | comments Crash rates to be measured over federal fiscal year. 9/23/2010 McCausland Reappointed as Airgas Director ...more | comments Airgas names chairman of the board, director. 9/22/2010 Oxygen Reduces Post-Op Bruises ...more | comments Study shows 35 percent decrease in bruising. 9/22/2010 Welding School Enrollment Increases ...more | comments School expands to maintain 100 percent acceptance rate. 9/22/2010 Members Receive Carbon Honors ...more | comments Praxair, Air Products named to Carbon Disclosure indices. 9/21/2010 Mars Methane Mystery ...more | comments Source of methane on planet unknown.