Lake Street Capital Markets Starts Chart Industries (GTLS) at Buy
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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
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Lake Street Capital Markets initiates coverage on Chart Industries (NASDAQ: GTLS) with a Buy rating and $75 price target.
"We believe Chart Industries is in a strong position to capture growth from a global secular shift toward natural gas as an energy source," analyst Robert Brown stated.
He continued, "The early stages of this shift (global LNG export facilities, expanding LNG use in China) have helped Chart’s backlog triple since 2010. Looking forward, we see several new multi-billion dollar market opportunities developing that should drive a long tail of growth for the company. These include LNG use in trucking, marine, and rail markets as well as liquefaction facilities for export of U.S. and Canadian natural gas."
He said the company is on the path to $1.5 billion in revenue and EPS of $6.
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 $63.63 yesterday.
"We believe Chart Industries is in a strong position to capture growth from a global secular shift toward natural gas as an energy source," analyst Robert Brown stated.
He continued, "The early stages of this shift (global LNG export facilities, expanding LNG use in China) have helped Chart’s backlog triple since 2010. Looking forward, we see several new multi-billion dollar market opportunities developing that should drive a long tail of growth for the company. These include LNG use in trucking, marine, and rail markets as well as liquefaction facilities for export of U.S. and Canadian natural gas."
He said the company is on the path to $1.5 billion in revenue and EPS of $6.
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 $63.63 yesterday.
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