Barclays Maintains an 'Overweight' on Chart Industries (GTLS); Another Strong Quarter for Orders

Barclays maintains an 'Overweight' on Chart Industries (NASDAQ: GTLS) price target raised from $57 to $62.

Barclays analyst says, "We continue to believe Chart represents a solid long-term investment and a good way to leverage the strengthening global energy
infrastructure buildout cycle. Chart's backlog is building, positioning it for a strong 2H11 and a stronger 2012, in our view."

"We are raising our 2011 and 2012 EPS estimates to $2.05 (from $2.00) and $3.30 (from $3.05), respectively, primarily reflecting higher revenue and margin assumptions for each business segment, particularly E&C and D&S."

For more ratings news on Chart Industries click here and for the rating history of Chart Industries click here.

Shares of Chart Industries closed at $57.60 yesterday.

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