Chart Industries, Inc. Surges Higher Following Positive Comments

Shares of Chart Industries, Inc. GTLS continue to move sharply higher Tuesday afternoon following positive comments from Lake Street Capital Markets.

Analysts at the firm declared “Chart Industries is one one the few remaining stand-alone public companies in the shale energy and natural gas equipment space.”

Moreover, Robert Brown finds Chart Industries is attractive for several reasons: “Chart has a leading position in its product categories; the company has significant exposure to high-growth energy markets; and Chart has a growth rate twice DRC’s (~15% vs ~8%).”

Analysts at the firm have a $98 price target and Buy rating on the stock from July 31.

Following the release, shares of Chart Industries were last up to $63.55, a gain of 2.75 percent.