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Shares of Chart Industries, Inc. (NASDAQ: 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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