Industrial Gases

Airgas (NYSE: ARG) Reports EPS of $0.88 vs. $0.85 Estimate; Revenues $1.1B vs. $1.074B Estimate

Piper Jaffray, in previewing the 4Q results of Airgas Inc. (NYSE: ARG) which are to be released tomorrow, predicts mostly inline results and is maintaining an Overweight rating and $76 price target on the stock. Says Piper Jaffray, in its report, “When Airgas reports 4Q results Thursday morning,...

Air Products (NYSE: APD) today announced it has signed a contract with Sorensen Gross Construction Services to build a hydrogen fueling station in Flint, Michigan to fuel a hydrogen fuel cell bus owned by Flint's Mass Transportation Authority. The station, which will be part of the MTA's...

Praxair Mexico, a subsidiary of Praxair, Inc. (NYSE: PX), has started up a new vacuum pressure swing adsorption plant to supply oxygen to Johnson Controls (NYSE: JCI) in Mexico. The new plant -- built, owned, and operated by Praxair -- has a capacity of 140 tons per day of oxygen and was...

Local mining stocks like Lepanto Consolidated Mining Company (LC and LCB) and Philex Mining Corporation (PX) have made a pretty good run-up during the past week or so. Still, it looks like there's going to be a follow through at least for Philex in the near term. Philex Mining...

In a report published by Piper Jaffray, Praxair (NYSE: PX) is moving to Neutral on valuation. Piper Jaffray said that it is moving the rating on Praxair to Neutral from Overweight as it believes the current valuation fully reflects the strong global industrial outlook, and at this time it...

Jefferies & Company has raised the price target on Praxair (NYSE: PX) from $113 to $122 and maintains its Buy rating.

Piper Jaffray has downgraded Praxair (NYSE: PX) from Overweight to Neutral and has raised the price target from $104 to $106.

Praxair (NYSE: PX) Reports EPS of $1.29 vs. $1.26 Estimate; Revenues $2.7B vs. $2.64B Estimate

Praxair (NYSE: PX) reported first-quarter net income and diluted earnings per share of $398 million and $1.29, 17% and 18% above the prior-year quarter, respectively*. Sales in the first quarter were $2,702 million, 11% above the previous-year quarter, due primarily to broad-based volume growth....

Praxair Inc (NYSE: PX) reported upbeat results for the first quarter and raised its 2011 projections. PX's Q1 net income surged 27% to $398 million, or $1.29 per share, from $314 million, or $1.01 per share, in the year-ago quarter. However, analysts were expecting earnings of $1.26 per share. The...

The board of directors of Praxair (NYSE: PX) has declared a quarterly dividend of 50 cents per share, unchanged from the previous quarter. The dividend is payable on June 15, 2011 to shareholders of record on June 7, 2011.

JP Morgan has raised the price target on Air Products and Chemical (NYSE: APD) from $104 to $110 and maintains its Overweight rating.

According to Morgan Stanley, Air Products and Chemicals (NYSE: APD) saw solid Q2 results. Morgan Stanley said that Air Products' F2Q11 adjusted EPS of $1.41 was slightly ahead of consensus at $1.39 but a little light on estimate of $1.43 – estimates will likely rise modestly on today's results. “...

Air Products & Chemicals Inc (NYSE: APD) reported better-than-expected FQ2 earnings and raised its earnings guidance for the year. APD reported its FQ2 net profit at $304.3 million, or $1.39 per share, up from $252 million, or $1.16 per share, in the year-earlier period. The company's sales...