Stifel raised the firm’s price target on Chart Industries (GTLS) to $231 from $200 and keeps a Buy rating on the shares. The firm notes Chart Industries announced an order from Woodside for process technology and equipment for the Woodside Louisiana LNG projects. After a slow 2024 for LNG orders in large part the result of the White House pause, contract activity is beginning to roll in, and Stifel expects 2025 to be a banner year for Chart with respect to LNG order activity. Given this momentum, and the attractive valuation despite the recent appreciation in share price, the firm continues to suggest buying Chart Industries’ shares.
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Read More on GTLS:
- Bechtel, Woodside place LNG Phase 1 order to Chart Industries
- Chart Industries price target raised to $210 from $170 at BTIG
- Chart Industries announces $250M share repurchase authorization
- Chart Industries price target raised to $194 from $145 at JPMorgan
- Chart Industries removed from Analyst Current Favorites at Raymond James