D.A. Davidson On Chart Industries

In a research note released Monday, D.A. Davidson analyst Tristan Richardson initiated a Neutral rating on Chart Industries GTLS with an $80 price target.

The firm stated that, “Attractive growth prospects, opportunity reflected in current valuation.”

The firm continued to say that the company appears to be positioned to benefit from opportunities in the United States and China. Another reason provided for the Neutral rating was the slow growth in the biomedical industry.

Shares of the company closed Monday at $71.89.