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Zacks Investment Research downgraded Praxair, Inc. (NYSE:PX) to Sell in a report released today.

Zacks Investment Research has downgraded Praxair, Inc. (NYSE:PX) to Sell in a report released on Monday October 03, 2016.

Yesterday Praxair, Inc. (NYSE:PX) traded 0.34% higher at $121.26. The company’s 50-day moving average is $119.93 and its 200-day moving average is $115.60. The last stock close price is up 4.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,708,258 shares of the stock exchanged hands, up from an avg. volume of 1,234,030

Recent Performance Chart

Praxair, Inc. (NYSE:PX)

Praxair, Inc. has PE ratio of 22.08 with a 52 week low of $95.60 and a 52 week high of $125.00 and has a market capitalization of $0.

A total of 18 brokerages have issued a ratings update on Praxair, Inc.. Two brokerages rating the company a strong buy, six brokerages rating the company a buy, thirteen brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $115.00.

General Company Details For Praxair, Inc. (NYSE:PX)

Praxair, Inc. is an industrial gas supplier in North and South America, Asia and Europe. The Company's operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Company's products in its industrial gases business include 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 primarily for internal use. The Company's Surface Technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

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