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Fly News Breaks for August 10, 2017
PX
Aug 10, 2017 | 07:41 EDT
Jefferies analyst Laurence Alexander added Praxair to his firm's Franchise Picks list saying the risk/reward is attractive at current share levels. A turn in the industrials capex cycle would be a "significant positive" for the industrial gas companies over the next 12-18 months, Alexander tells investors in a research note. Even absent one, the merger gives Praxair a path to double by 2020, the analyst adds. He keeps a Buy rating on the shares with a $162 price target.
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