Jefferies Raises Numbers on Airgas (ARG)

Jefferies raised estimates and their price target on Buy-rated Airgas (NYSE: ARG) from $93 to $103.

The firm comments, "Airgas has acquired $30m (sales) Industrial Welding Supplies. We estimate the transaction was valued at roughly 5x-7x LTM EBITDA, or approximately $25-$35m, and that it could be up to $0.01 accretive to EPS in FY13. Separately, we are raising FY13E $0.15 to $4.65 and rolling forward our price target to 18x calendar 2013E, or $103."

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 $89.71 yesterday.

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