Goldman Sachs Downgrades Airgas (ARG) to Neutral, Shifting To More Cyclical Names

Goldman Sachs downgraded Airgas (NYSE: ARG) from Buy to Neutral with a price target of $89.

The firm downgrades the stock following the huge run in the stock over the last six months. They are now shifting back to more cyclical names like LyondellBasell Industries (NYSE: LYB), Westlake Chemical (NYSE: WLK) and Eastman Chemical (NYSE: EMN), which all were recently upgraded.

For an analyst ratings summary and ratings history on Airgas click here. For more ratings news on Airgas click here.

Shares of Airgas closed at $77.02 yesterday, with a 52 week range of $58.00-$81.62.

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