Barclays Maintains an 'Overweight' on Chart Industries (GTLS); Benefitting From Global Energy Buildout
Tweet
Share
E-mailGet Alerts GTLS Hot Sheet
Price: $209.90 --0%
Rating Summary:
13 Buy, 17 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 17 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Chart Industries (NASDAQ: GTLS) price target raised from $78 to $87.
Analyst, James C. West, said, "We continue to believe Chart represents a good long-term investment and a unique way to gain leverage to the strengthening global energy infrastructure buildout cycle. Chart's backlog is building and order levels remain elevated. The company's near-term margin performance is likely to be somewhat muted as it invests in expanding its LNG capacity; however, we believe this strategy will pay off as the cycle unfolds."
FY12 EPS estimate lowered from $2.90 to $2.85, but raises FY13 from $4.00 to $4.50.
For an analyst ratings summary and ratings history on Chart Industries click here. For more ratings news on Chart Industries click here.
Shares of Chart Industries closed at $77.48 yesterday.
Analyst, James C. West, said, "We continue to believe Chart represents a good long-term investment and a unique way to gain leverage to the strengthening global energy infrastructure buildout cycle. Chart's backlog is building and order levels remain elevated. The company's near-term margin performance is likely to be somewhat muted as it invests in expanding its LNG capacity; however, we believe this strategy will pay off as the cycle unfolds."
FY12 EPS estimate lowered from $2.90 to $2.85, but raises FY13 from $4.00 to $4.50.
For an analyst ratings summary and ratings history on Chart Industries click here. For more ratings news on Chart Industries click here.
Shares of Chart Industries closed at $77.48 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- New Street Research Upgrades Micron Technology (MU) to Buy
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
