Chart Industries shares can appreciate further, says Citi
The Fly

Chart Industries shares can appreciate further, says Citi

Citi says Chart Industries (GTLS) shares have surged post earnings following the company’s strong margin and free cash flow performance, while management indicated that book/bill should be above one-times again in Q4. Citi sees opportunity for the stock to appreciate further assuming the company can deliver consistent and robust free cash flow. Chart’s backlog is in place and margins are healthy, while the company has initiatives underway to improve cash conversion, the analyst tells investors in a research note. The firm maintains a Buy rating on the shares with a $190 price target

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App