JPMorgan raised the firm’s price target on Chart Industries (GTLS) to $194 from $145 and keeps a Neutral rating on the shares. Heading into 2025, the firm retains a cautious sector stance on oilfield services given the deceleration of capex trends in international and offshore markets and further declines in North America spending. In a more challenging macro environment, companies that can demonstrate the most earnings resiliency are best positioned to deliver alpha, the analyst tells investors in a research note.
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