Praxair (PX): Company Update - Jefferies

Jefferies analyst, Laurence Alexander, reiterated his Buy rating on shares of Praxair Inc. (NYSE: PX) as prospects of better cash returns and FCF/Sales, diluted cyclical threats, and longer-term optionality (portfolio realignment and non-operating synergies) support a further step-higher for Praxair shares in 2H17.

Given persistent concerns on the next leg of demand for autos and construction, and a more favorable outlook for capex, the analyst expects Praxair shares to act as a QARP safehaven in 2H17-2018.

No change to the price target of $162.

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

Shares of Praxair Inc. closed at $134.76 yesterday.

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