tiprankstipranks
Trending News
More News >

Chart continues pivot away from nat gas with Flowserve deal, says BTIG

Chart Industries (GTLS) on Wednesday announced plans to merge with Flowserve (FLS) in an all-stock transaction, a move that comes roughly two years after building out its service offering with the acquisition of Howden, BTIG analyst Gregory Lewis tells investors in a research note. Chart continues to pivot away from the natural gas thematic in favor of stickier aftermarket revenues, the firm says. BTIG has a Buy rating and $210 price target on shares of Chart Industries.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue