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Fly News Breaks for January 3, 2018
GTLS
Jan 3, 2018 | 11:19 EDT
Lake Street analyst Robert Brown raised his price target for Chart Industries to $59 from $55 following the company's acquisition of Skaff Cryogenics. This is the third service business acquired in the last 12 months and adds an accretive, 20%-plus EBITDA margin business that gives Chart a presence in the Northeast, Brown tells investors in a research note. His new price target reflects higher EBITDA estimates and a higher cash balance resulting from lower interest and tax rates. He keeps a Buy rating on Chart Industries.
News For GTLS From the Last 2 Days
GTLS
Apr 18, 2024 | 09:44 EDT
GTLS
Apr 18, 2024 | 05:13 EDT
Morgan Stanley resumed coverage of Chart Industries with an Equal Weight rating and $200 price target. The company has realigned its portfolio toward higher growth, more stable end markets, leaving it well positioned to execute on "robust" growth targets, the analyst tells investors in a research note. However, on the firm's relative ratings drivers, Chart screens inline versus peers.
