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Fly News Breaks for January 3, 2018
Jan 3, 2018 | 11:19 EDT
Lake Street analyst Robert Brown raised his price target for Chart Industries to $59 from $55 following the company's acquisition of Skaff Cryogenics. This is the third service business acquired in the last 12 months and adds an accretive, 20%-plus EBITDA margin business that gives Chart a presence in the Northeast, Brown tells investors in a research note. His new price target reflects higher EBITDA estimates and a higher cash balance resulting from lower interest and tax rates. He keeps a Buy rating on Chart Industries.
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