TD Cowen analyst Marc Bianchi lowered the firm’s price target on Chart Industries to $225 from $230. The firm noted they posted a 3Q miss and inline orders and 4Q is guided inline and 2024 is unchanged, but the market is understandably skeptical.
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- Chart Industries price target lowered to $200 from $215 at Citi
- Chart Industries price target lowered to $160 from $200 at BTIG
- Stifel would be ‘aggressive buyers’ of Chart Industries after Q3 report
- Chart Industries falls -20.6%
- Chart Industries sees 2024 adjusted EPS $14.00 or above, consensus $11.51