Barclays Downgrades Chart Industries - Read Why

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  • 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.
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