Chart Industries price target lowered to $205 from $249 at Craig-Hallum

Craig-Hallum analyst Eric Stine lowered the firm’s price target on Chart Industries to $205 from $249 and keeps a Buy rating on the shares. The firm notes that since the announced acquisition of Howden, Chart Industries’ shares are down substantially as investors are unhappy with the amount of debt involved and skeptical whether this is the prudent move given the strong momentum across Chart’s business. When all is said and done, Craig-Hallum believes the addition of Howden will end up being operationally successful for Chart. The firm also thinks that a compelling valuation case can now be made for Chart as well.