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Praxair, Inc. (PX) [hlAlert]

Rating:
Neutral PX

Praxair, Inc. (PX) rated Neutral with price target $68 by Credit Suisse

Posted on: Thursday,  Dec 11, 2008  8:25 AM ET by Credit Suisse

Praxair (PX) rated Neutral
with price target $68 by Credit Suisse.

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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2008 8:25 AM Hold
None
59.12 68.00
as of 12/24/2008
1 Week up  5.51 %
1 Month up  22.75 %
3 Months   
1 YTD up  22.75 %

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