Jefferies Reiterates ARG Buy Rating

Jefferies has issued a report maintaining Airgas' ARG Buy Rating. According to Jefferies, "Overall, demand trends appear positive. The strongest end markets appear to be manufacturing, energy and chemicals, with metal fab demand accelerating sharply in the past 6 weeks. Demand remains more muted in healthcare (regulatory uncertainty affecting customers downstream) and research (government funding cuts)." ARG has a $72.00 Price Target and closed yesterday at $63.24 a share.