Industrial Gases

Praxair, Inc. (NYSE: PX) has priced $500 million of 3.00% notes due September 1, 2021. The notes are being offered under its universal shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is led by Credit Suisse Securities LLC, RBS Securities Inc.,...

Praxair Distribution, Inc., a subsidiary of Praxair, Inc. (NYSE: PX), has acquired the assets of Weldco Inc., a market leader in Cincinnati, Ohio, which is one of the top 20 welding markets in the U.S. With 23 employees and sales of $8 million, Weldco is an independent distributor of industrial and...

FuelCell Energy, Inc. (Nasdaq: FCEL) today announced a commissioning event for the Direct FuelCell power plant that is providing renewable hydrogen for vehicle fueling along with ultra-clean electricity for the Orange County Sanitation District in Fountain Valley, California. The power plant...

Effective September 1, 2011, or as contracts permit, Air Products (NYSE: APD) will be implementing a price increase of 15 percent for liquid and bulk helium gases in North America. The pricing adjustment is the result of several factors including the continued strong demand over the past year...

This is your Benzinga news summary and traders' outlook for Friday, August 12, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after a 400 point rally in the Dow yesterday. At last check, Dow...

Goldman Sachs has upgraded Airgas (NYSE: ARG) from Neutral to Buy and has established a $70 price target.

Bank of America has upgraded its rating on Airgas (NYSE: ARG) from Neutral to Buy due to what they see as a positive time for the sector. Says Bank of America, in its report, “In connection with our reassessment of risk within the chemicals sector, we upgrade shares of Airgas, the leader in US...

Bank of America has upgraded Airgas (NYSE: ARG) from Neutral to Buy and maintains its $75 price objective.

Air Products (NYSE: APD) today announced a long-term agreement with Shell Oil Company for the supply of a significant portion of the hydrogen requirements at Shell's Deer Park, Texas refinery. The hydrogen supply will commence in mid-2013. The Deer Park facility will be connected to Air Products...

Shares of Airgas (NYSE: ARG) are lower on the session by 2.32%, currently trading at $61.87. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the...

Citi added Praxair (NYSE: PX) to its Best Ideas. At the moment, the rating agency has a Buy rating and a price target of $120 placed on the company's stock. On Wednesday, PX added 0.98% to its value to finish the day at $101.56.

Jefferies is out with its report today on Praxair (NYSE: PX), reiterating Buy. In its report, Jefferies writes, "While risks to demand in the U.S. and Europe may keep Praxair shares rangebound in the near-term, another increase in the backlog (now $2.7bn vs. our forecast of $2.5bn) reinforces our...

Gabelli is out with its report today on Airgas (NYSE: ARG), maintaining Buy. In a note to clients, Gabelli writes, "We estimates earnings for FY 2012 and 2013 to be $3.95 and $4.25 per share, respectively. Management recently raised FY 2012 guidance to $3.90-$4.05 per share, and has a goal of...

Citi reiterated its Buy rating on Praxair (NYSE: PX). At the same time, the rating agency left its price target on the company's stock unchanged at $120. On Wednesday, PX closed the day at $101.69.

Piper Jaffray reiterated its Neutral rating on Praxair (NYSE: PX). At the same time, the rating agency raised its price target on the company's stock from $106 to $107. On Wednesday, PX lost 2.15% of its value to end the day at $101.69.