Market Overview

UPDATE: Morgan Stanley Upgrades Chart Industries to Overweight on Major Transformation Ahead

Share:
Related GTLS
Top 4 NASDAQ Stocks In The Metal Fabrication Industry With The Highest Gross Margin
US Stock Futures Up; Crude Oil Slides Below $45
Zacks Rank #5 Additions for Wednesday - Tale of the Tape (Zacks)

In a report published Tuesday, Morgan Stanley analyst Ole Slorer upgraded the rating on Chart Industries (NASDAQ: GTLS) from Equal-Weight to Overweight, and raised the price target from $85.00 to $110.00.

In the report, Slorer noted, “We are upgrading GTLS to Overweight as we (i) believe the US LNG vehicle market is on the cusp of an inflection, (ii) expect a near-term acceleration in bookings, (iii) see upside risk to Street expectations and view the stock's high valuation as warranted based on our bottom up growth estimates.”

Chart Industries closed on Monday at $77.49.

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: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (GTLS)

Around the Web, We're Loving...

Get Benzinga's Newsletters