GTLS - Chart Industries gains after Benchmark initiated coverage with a Buy rating

Benchmark analyst Douglas Becker initiated Chart Industries (GTLS +5.1%) with a Buy rating and a price target of $206. Becker says Chart is at the "nexus of clean" given its exposure to LNG, hydrogen, carbon capture, and water solutions. The analyst's Q4 estimates are toward the low-end of implied guidance. His 2022 EPS estimate is 8% below consensus due to near-term headwinds from elevated material costs and supply chain disruptions; Becker points out that his 2023 EPS estimate is 15% above consensus.

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Chart Industries gains after Benchmark initiated coverage with a Buy rating