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

Rating:
Buy PX
up 50.20 %

Praxair, Inc. (PX) upgraded to Buy by Citigroup

Posted on: Thursday,  Apr 23, 2009  8:25 AM ET by Citigroup

Citigroup rated Buy Praxair, Inc. (NYSE: PX) on 04/23/2009, when the stock price was $70.03. Since
then, Praxair, Inc. has gained 50.21% as of 01/22/2016's recent price of $105.19.
If you would have followed this Citigroup's recommendation on PX, you would have gained 50.2% of your investment in 2465 days.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2009 8:25 AM Buy
None
70.03
as of 12/31/2009
1 Week up  14.04 %
1 Month up  10.98 %
3 Months up  11.44 %
1 YTD up  30.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2008 8:25 AM Hold
None
78.25 87.00

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