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Stock Market & Financial Investment News

News Breaks
January 21, 2013
19:00 EDTPXPraxair unit signs a long-term contract with JSW Steel Ltd.
Praxair India Private Limited, a subsidiary of Praxair, said it has signed a long-term contract with its existing customer, JSW Steel Ltd., part of the O.P. Jindal Group. Praxair will expand the supply of gaseous oxygen, nitrogen and argon to JSW’s steel mill located in Tornagallu, Bellary, in the state of Karnataka. The supply contract will help the company to expand its steel production at Bellary from 10 to 12 million tons per year.
News For PX From The Last 14 Days
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February 2, 2016
10:01 EDTPXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Agnico Eagle (AEM) downgraded to Hold from Buy at Desjardins... Alere (ALR) downgraded to Hold from Buy at Canaccord... Antero Resources (AR) downgraded to Reduce from Neutral at SunTrust... Carbylan (CBYL) downgraded to Market Perform from Outperform at Leerink... Copa Holdings (CPA) downgraded to Hold from Buy at Deutsche Bank... Dominion (D) downgraded to Neutral from Buy at Citi... Duke Energy (DUK) downgraded to Market Perform from Outperform at Wells Fargo... Hain Celestial (HAIN) downgraded to Neutral from Overweight at Piper Jaffray... Integrated Device (IDTI) downgraded to Neutral from Buy at BofA/Merrill... Logitech (LOGI) downgraded to Underweight from Equal Weight at Morgan Stanley... Merus Labs (MSLI) downgraded to Sector Perform from Outperform at Scotiabank... New Gold (NGD) downgraded to Sell from Buy at Desjardins... Nokia (NOK) downgraded to Underperform from Buy at CLSA... Plantronics (PLT) downgraded to Underperform from Outperform at Raymond James... Pool Corp. (POOL) downgraded to Equal Weight from Overweight at Stephens... Praxair (PX) downgraded to Sector Weight from Overweight at KeyBanc... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Southwestern Energy (SWN) downgraded to Neutral from Overweight at JPMorgan... Stifel cuts Twitter (TWTR) to Sell after noting Yahoo has significantly more users... Superior Energy (SPN) downgraded to In-Line from Outperform at Imperial Capital... Sysco (SYY) downgraded to Underweight from Equal Weight at Morgan Stanley... Telenor (TELNY) downgraded to Underperform from Neutral at Credit Suisse... Twitter (TWTR) downgraded to Sell from Hold at Stifel... Valeo (VLEEY) downgraded to Underweight from Equal Weight at Morgan Stanley.
05:42 EDTPXPraxair downgraded to Sector Weight from Overweight at KeyBanc
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February 1, 2016
10:00 EDTPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
05:58 EDTPXPraxair upgraded to Buy from Neutral at UBS
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January 29, 2016
06:04 EDTPXPraxair reports Q4 North America sales down 3% to $1.42B
Reports Q4 Europe sales down 9% to $325M. Reports Q4 South American sales down 37% to $299M. Reports Q4 Asia sales down 2% to $398M.
06:03 EDTPXPraxair sees FY16 EPS $5.30-$5.70, consensus $6.05
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06:03 EDTPXPraxair sees Q1 EPS $1.20-$1.28, consensus $1.41
This EPS guidance assumes a negative currency impact of approximately 9% year-over-year and 3% sequentially.
06:02 EDTPXPraxair reports Q4 adjusted EPS $1.47, consensus $1.47
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06:01 EDTPXPraxair increases dividend 5% to 75c
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January 26, 2016
09:31 EDTPXPraxair signs long term control with Total, expands pipeline network in Antwerp
Praxair announced it has signed a 15-year contract to supply oxygen and nitrogen to Total in the Port of Antwerp. Total, a global integrated energy producer and provider and international oil and gas company, is currently investing EUR 1B in the port to upgrade its largest refining and petrochemicals platform in Europe. As a result, the company will require increased quantities of industrial gases for several applications in its refinery and petrochemical processes. Praxair is expanding its recently built oxygen pipeline an additional three miles to connect with Total's refinery. Praxair will also extend its nitrogen pipeline on the west bank of the river to efficiently serve existing and new petrochemical customers. Given the significant capacity and infrastructure investments made in the port over the past several years, there is growing demand in this region for nitrogen for blanketing and inerting of chemicals in storage. Praxair expects the oxygen and nitrogen pipeline supply to be operational in the second half of 2016.
January 25, 2016
09:31 EDTPXPraxair starts up air separation plan in northern China
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