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Fly News Breaks for June 27, 2019
GTLS
Jun 27, 2019 | 07:35 EDT
Morgan Stanley analyst Connor Lynagh initiated Chart Industries with an Overweight rating and $90 price target, stating that he expects a "coming wave" of liquified natural gas export facility final investment decisions to drive strong orders for Chart over the next few years. The analyst, who projects Chart could realize $600M of order intake from "Big LNG" projects over the next 2 years, said upside could exist to that estimate if certain U.S. projects go forward.
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