Chart Industries (GTLS) PT Raised to $235 at Stifel Following Meetings

October 4, 2021 6:29 AM EDT
Get Alerts GTLS Hot Sheet
Price: $120.11 --0%

Rating Summary:
    14 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 25 | New: 90
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Stifel analyst Benjamin J. Nolan raised the price target on Chart Industries (NASDAQ: GTLS) to $235.00 (from $210.00) while maintaining a Buy rating following meetings with CEO Jill Evanko and investors in London.

The analyst commented, "While GTLS shares are up solidly in recent months, we continue to believe Chart has the best prospects to benefit from energy transition of all the companies we have come across. Rather than being anchored to a single technology or energy source, Chart equipment and process is needed in virtually all of them. While it is possible to quibble over near-term multiples, in our view if the company is even modestly successful in delivering the long-term growth potential we believe is possible, shares are currently at a fraction of where they could be. Also, near-term earnings could be helped by a few Big LNG projects which would even take away the near-term multiple argument."

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