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Enter Symbol:
 
Praxair, Inc. (PX) [hlAlert]

Rating:
Neutral PX

Praxair, Inc. (PX) rated Neutral with price target $100 by HSBC Securities

Posted on: Monday,  Jun 2, 2008  8:25 AM ET by HSBC Securities

Praxair (PX) rated Neutral
with price target $100 by HSBC Securities.

Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America. Praxair's primary products for its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The Company also designs, engineers, and builds equipment that produces industrial gases for internal use and external sale. Its surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Praxair serves approximately 25 industries, such as healthcare and petroleum refining; computer-chip manufacturing and beverage carbonation; fiber-optics and steel making, and aerospace, chemicals and water treatment. In July 2009, Praxair's subsidiary, Praxair Surface Technologies, Inc., acquired Sermatech International Holdings Corp. from Arsenal Capital Partners.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/2/2008 8:25 AM Hold
None
93.08 100.00
as of 12/24/2008
1 Week up  5.51 %
1 Month up  9.34 %
3 Months up  20.86 %
1 YTD down  -22.03 %

(*) Stock Price at the time of the recommendation.
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