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Fly News Breaks for July 19, 2018
GTLS
Jul 19, 2018 | 14:10 EDT
Craig-Hallum analyst Eric Stine raised his price target for Chart Industries to $91 from $89 and reiterates a Buy rating on the shares following the company's "impressive" Q2 results. The better than expected quarter again demonstrated "loud and clear" the "positive and accelerating trends" across the company's three business segments, Stine tells investors in a research note. The analyst points out that Chart's orders grew sequentially for the sixth consecutive quarter. He believes "this is just the start" for the company as many of its end markets are still at early stages of growth. Chart remains at the "very front end" of the current LNG market upcycle and the next LNG project wave, Stine writes.
News For GTLS From the Last 2 Days
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.