Barclays Downgrades Chart Industries - Read Why - Chart Industries (NYSE:GTLS)

Chart Industries, Inc. GTLS was downgraded to Equal Weight from Overweight by Barclays analyst J. David Anderson. The analyst downgraded the stock citing valuation.
Meanwhile, the analyst maintained the price target of $189, implying an upside of 1.6%.
The analyst mentions that despite the strong performance in the shares year-to-date, the risk/reward setup with earnings revision potential "is the best we've seen in almost 2 decades."
Also Read: Chart Industries Acquires Fronti Fabrications For $20M.
Price Action: GTLS shares are trading lower by 2.98% at $186.06 on the last check Wednesday.

Momentum68.36

Growth98.72

Quality93.67

Value25.69

Short

Medium

Long

Barclays Downgrades Chart Industries - Read Why