Market Overview

UPDATE: Lake Street Capital Initiates Chart Industries at Buy on Natural Gas Catalyst to Growth

Related GTLS
Top 4 NASDAQ Stocks In The Metal Fabrication Industry With The Highest ROA
Top 4 Small-Cap Stocks In The Metal Fabrication Industry With The Highest Operating Margin
Making Money With Charles Payne: 10/31/14 (Fox Business)

Lake Street Capital initiated coverage on Chart Industries (NASDAQ: GTLS) with a Buy rating and a $75.00 price target.

Lake Street Capital commented, "We are initiating coverage with a BUY rating as we believe Chart Industries is in a strong position to capture growth from a global secular shift toward natural gas as an energy source. The early stages of this shift (global LNG export facilities, expanding LNG use in China) have helped Chart's backlog triple since 2010. Looking forward, we see several new multi-billion dollar market opportunities developing that should drive a long tail of growth for the company."

Chart Industries closed at $63.63 on Wednesday.

Latest Ratings for GTLS

DateFirmActionFromTo
Oct 2014ISI GroupInitiates Coverage onBuy
Oct 2014DA DavidsonMaintainsNeutral
Aug 2014Johnson RiceDowngradesOverweightEqual-weight

View More Analyst Ratings for GTLS
View the Latest Analyst Ratings

Posted-In: Lake Street CapitalAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (GTLS)

Around the Web, We're Loving...

Get Benzinga's Newsletters