Information Provided By:
Fly News Breaks for December 5, 2019
Dec 5, 2019 | 16:23 EDT
Stifel analyst Benjamin Nolan initiated coverage of Chart Industries with a Buy rating and $83 price target. The analyst sees the liquefied natural gas industry growing at more than a 5% annual rate through 2030 by taking share from coal and oil. Chart has exposure across the "fast-growing" LNG supply chain as well as a "solid and more gradually growing base" from industrial gases, Nolan tells investors in a research note. Further, the analyst says the shares trade at a 37% discount to his sum-of-the-parts and free cash flow valuation estimates. At these prices, Chart Industries is his favorite LNG play.
News For GTLS From the Last 2 Days
There are no results for your query GTLS