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

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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
Jun 2015Northcoast ResearchUpgradesNeutralBuy
Mar 2015Piper JaffrayUpgradesNeutralOverweight
Feb 2015Northland SecuritiesDowngradesOutperformMarket Perform

View More Analyst Ratings for GTLS
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

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