What To Know About Piper Sandler's Downgrade of Chart Industries

Piper Sandler downgraded its rating of Chart Industries GTLS to Neutral with a price target of $133.00, changing its price target from $228.00 to $133.00.

Shares of Chart Industries are trading down 0.79% over the last 24 hours, at $121.56 per share.

A move to $133.00 would account for a 9.41% increase from the current share price.

About Chart Industries

Chart Industries Inc is an independent global manufacturer of engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases. The company's operating segments consist of Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair Service & Leasing. It derives the majority of the revenue from Cryo Tank Solutions which has principal operations in the United States, Europe and Asia and primarily serves the geographic regions of the Americas, Europe, Middle East and Asia, supplies bulk, micro bulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.