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

In a report published Tuesday, Morgan Stanley analyst Ole Slorer upgraded the rating on Chart Industries 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!