Piper Jaffray Overweight On Chart Industries Inc. (GTLS)

Piper Jaffray has an Overweight rating and a $70 price target on shares of Chart Industries Inc. GTLS. In a note to clients, Piper Jaffray writes, "President Obama's domestic energy policy speech yesterday sounded a positive tone on domestic natural gas use. We believe a more proactive stance on natural gas use in the United States would be positive for Chart E&C's natural gas processing equipment, which is used at gas fields and refineries. In addition, Obama mentioned an alternate fuel vehicle mandate for federal agencies that would be a positive for Chart's D&S division, which sells on board fuel tanks and equipment used in filling stations for natural gas vehicles that are increasingly being adopted in the private sector as well." Shares of GTLS gained $1.68 yesterday to close at $54.81, a gain of 3.1%.