Industrial tech firms Chart Industries, Flowserve set for all-stock merger
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JPMorgan on Chart Industries (GTLS): 'combined entity is expected to deliver $1.9bn of EBITDA, which equates to an EV/EBITDA multiple of 10x'
June 4, 2025 11:11 AM EDTJPMorgan analyst Arun Jayaram reiterated a Neutral rating and $194.00 price target on Chart Industries (NYSE: GTLS).
The analyst comments "JPM View: GTLS announced an all-stock MOE transaction with Flowserve (FLS) with a combined EV of $19bn. The strategic rationale of the transaction is to provide more predictable and resilient earning power through the cycle as the... More
BTIG Positive on Chart Industries (GTLS), Down 3pct: 'continues to pivot away from the nat gas thematic in favor of stickier aftermarket revenues'
June 4, 2025 11:08 AM EDTBTIG analyst Gregory Lewis reiterated a Buy rating and $210.00 price target on Chart Industries (NYSE: GTLS).
The analyst comments "GTLS is down ~7% this morning after announcing plans to merge with Flowserve (FLS, Not Rated), a manufacturer and aftermarket service provider of flow control systems (think pumps,... More
