Raymond James analyst Pavel Molchanov upgraded Chart Industries to Strong Buy from Market Perform with a $160 price target. Chart has a diverse range of products with a sustainability dimension, including solutions for hydrogen, renewable natural gas, curtailment of gas flaring, water treatment, and carbon capture, Molchanov tells investors in a research note. The analyst sees a longer-term opportunity to achieve better-than-expected cost synergies and faster deleveraging with near-term balance sheet risk and integration uncertainty.
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