UBS analyst Manav Gupta downgraded Chart Industries (GTLS) to Neutral from Buy with a price target of $210, down from $225, after the company agreed to be acquired by Baker Hughes (BKR) for $210 per share in cash. The firm believes Chart shares will trade on deal dynamics, rather than fundamentals, and expects the deal to close.
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Read More on GTLS:
- Chart Industries downgraded to Hold from Buy at HSBC
- Baker Hughes downgraded to Neutral from Buy at Seaport Research
- Chart Industries Reports Strong Q2 2025 Results
- Chart Industries downgraded at Raymond James after takeover deal
- Chart Industries downgraded to Market Perform from Strong Buy at Raymond James