TD Cowen raised the firm’s price target on Chart Industries to $260 from $230 and keeps an Outperform rating on the shares. The firm said they posted better than feared Q4 results and they believe valuation looks very attractive, but they believe a few consecutive quarters of strong FCF will be needed, and 1Q is likely to be a use of cash owing to semi-annual interest and one-time CapEx.
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Read More on GTLS:
- Chart Industries Reports 2023 Fourth Quarter and Full Year Financial Results
- Chart Industries sees FY24 adjusted EPS $12.00-$14.00, consensus $10.96
- Chart Industries reports Q4 adjusted EPS $2.25, consensus $2.09
- Is GTLS a Buy, Before Earnings?
- Chart Industries Issues Regulation FD Disclosure Update
