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Fly News Breaks for October 19, 2018
GTLS
Oct 19, 2018 | 08:48 EDT
Lake Street analyst Robert Brown says fundamentals continue to improve for Chart Industries with its orders increasing 21% from a year ago in Q3 and its operating margins reaching 13%, the highest since 2014. This is before large liquefied natural gas orders, which should begin in 2019, Brown tells investors in a post-earnings research note. He thinks the Street still underappreciates the potential of the core business and the upside from large LNG orders. The analyst reiterates a Buy rating on Chart Industries with a $90 price target.
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