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Fly News Breaks for June 8, 2018
GTLS
Jun 8, 2018 | 08:07 EDT
Lake Street analyst Robert Brown raised his price target for Chart Industries to $90 following the company's analyst day. New management has focused on cost efficiencies, synergies, growth from new products and targeted acquisitions, which has put the company on a "strong earnings growth path," Brown tells investors in a research note. He believes the Street underappreciates the potential of the core business and upside from large LNG orders, which he thinks are likely in early 2019. The analyst keeps a Buy rating on Chart Industries.
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