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

Rating:
Hold PX
up 13.11 %

Praxair, Inc. (PX) downgraded to Hold by Argus

Posted on: Wednesday,  Nov 2, 2011  8:25 AM ET by Argus

Argus rated Hold Praxair, Inc. (NYSE: PX) on 11/02/2011. Previously Argus rated Buy Praxair, Inc. (NYSE: PX) on 08/02/2010., when
the stock price was $87.84. Since then, Praxair, Inc. has gained 13.11% as of 11/02/2011's recent price of $99.36.
If you would have followed the previous Argus's recommendation on PX, you would have gained 13.11% of your investment in 457 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2011 8:25 AM Hold
None
99.36
as of 12/30/2011
1 Week   
1 Month   
3 Months up  6.29 %
1 YTD up  4.07 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/2/2010 9:25 AM Buy
None
87.84 99.00

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