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April 4, 2016
Deutsche Bank Downgraded Praxair, Inc. (PX) to hold
Praxair, Inc. (NYSE:PX) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, The Fly reports.
In related news, CEO Stephen F. Angel purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 7th. The shares were purchased at an average cost of $97.80 per share, with a total value of $489,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,748 shares of the company’s stock, valued at approximately $13,080,554.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Praxair (NYSE:PX) opened at 115.24 on Monday. The stock has a market capitalization of $32.82 billion and a PE ratio of 21.54. The company has a 50-day moving average of $108.14 and a 200-day moving average of $106.52. Praxair has a 12 month low of $95.60 and a 12 month high of $124.99.
Source: American Banking and Market News