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Fly News Breaks for June 2, 2017
PX
Jun 2, 2017 | 07:24 EDT
SunTrust analyst James Sheehan says that Praxair's proposed merger with Linde is logical strategically and will increase Praxair's geographical diversity. The analyst says that the deal will combine Praxair's operating leverage with Linde's "engineering and R&D expertise." He raised his price target on Praxair to $153 from $133 and keeps a Buy rating on the stock.
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