In a report published Tuesday morning, Piper Jaffray upgraded shares of Chart Industries, Inc. (NASDAQ: GTLS) from Neutral to Overweight, and raised its price target from $36 to $45. The promotion follows China's gas price cut and is in line with the firm's more bullish view on natural gas stocks.
However, the main reason behind the upgrade is the stock's valuation. At 6.5x EV/EBITDA, it is at "the bottom-end of the stock's four-year range (…) approaching ‘blown out' levels." While 2015 might or might not represent a trough year, after multiple consecutive guide-downs the analysts "no longer think investors will be shocked by continued weakness in demand."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
In addition, the analysts believe "China may be set to resume its growth trajectory (at least in the D&S segment)," which lays the grounds for a potential upside surprise. "A mix-shift toward China would not necessarily benefit the company's margin profile –but it could provide much-needed revenue growth and help increase utilization rates at the company's newly-constructed facility," the report explained.