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Fly News Breaks for January 6, 2020
GTLS
Jan 6, 2020 | 17:01 EDT
BTIG analyst Gregory Lewis initiated coverage of Chart Industries with a Buy rating and $100 price target. The company is well positioned to benefit from the secular build-out of global liquefied natural gas infrastructure, says the analyst, who expects the market to double over the next two decades. Cheap natural gas in North America, combined with a push to more environmentally friendly power solutions, should drive a multi-year build-out of LNG infrastructure and Chart is positioned as a go-to provider and partner, contends Lewis.
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