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Fly News Breaks for June 9, 2017
PX
Jun 9, 2017 | 08:23 EDT
JPMorgan analyst Jeffrey Zekauskas raised his price target for Praxair to $156 saying the merger with Linde "should create shareholder value over a longer period of time." The analyst finds it reasonable to expect the new company's margins will be "meaningfully higher" than the current EBITDA margins of Praxair because of scale considerations. He keeps an Overweight rating on Praxair shares.
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