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Praxair upgraded at Argus ahead of Linde merger

Published 11/13/2017, 12:48 PM
© Reuters.  Praxair upgraded at Argus ahead of Linde merger
Praxair Inc
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  • Praxair (PX) is upgraded to Buy from Hold with a $171 price target at Argus, which expects the company to perform above its peers over the coming months as it heads into the merger with Linde in H2 2018.
  • PX is well positioned to deliver stronger earnings per share, based on its mix of high-growth businesses, capitalizing on the improvement in global economic activity, the firm says.
  • PX's strategic merger with Linde is a significant positive, Argus says, giving it a greater scale and geographical reach while also providing opportunity for more reliable and consistent earnings growth over the coming years.
  • Now read: Praxair And Air Products: Buy Both When Fairly Valued


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