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Chart Industries downgraded to Neutral from Buy at Seaport Research

Seaport Research analyst Walt Liptak downgraded Chart Industries (GTLS) to Neutral from Buy after the company agreed to be acquired by Baker Hughes (BKR) for $210 per share in cash. The deal “makes sense from a cost synergy and long-term diversification play” standpoint for the Baker shareholders, the analyst contends.

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