Market Overview

Chart Industries, Inc. Surges Higher Following Positive Comments

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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.

Latest Ratings for GTLS

DateFirmActionFromTo
Sep 2020B of A SecuritiesInitiates Coverage OnBuy
Aug 2020Morgan StanleyMaintainsOverweight
Jul 2020Morgan StanleyMaintainsOverweight

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View the Latest Analyst Ratings

 

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Posted-In: Lake Street Capital Markets Robert BrownAnalyst Color Intraday Update Analyst Ratings Movers

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