Piper Jaffray Overweight On Chart Industries Inc. (GTLS)

Piper Jaffray has an Overweight rating and a $57 price target on shares of Chart Industries Inc. GTLS.

In a note to clients, Piper Jaffray writes, "Natural gas accounted for 40% of Japan's electricity generation last year relative to
27% for nuclear, as the country imported ~70m tons of LNG. Plant shutdowns after last week's quake represented 25% of nuclear capacity, and will likely be extended, as a reinvigorated debate about nuclear safety takes place. We expect LNG import
demand to increase as it did in CY02 when 35% of capacity was shut down due to safety, increasing LNG demand by 11% over the next year. We see potential for increased global LNG export projects, including numerous mid-scale opportunities using Chart E&C's gas processing equipment to meet the new LNG demand."

Shares of GTLS lost 35 cents yesterday to close at $43.08, a loss of 0.8%.