Piper Jaffray Maintains Overweight on Chart Industries (GTLS)

Piper Jaffray is out with its report today on Chart Industries GTLS, maintaining Overweight. In a note to clients, Piper Jaffray writes, "We remain buyers of Chart shares into Thursday's 4Q print as catalysts in both the U.S. and China fuel a solid volume recovery for Chart's D&S segment which should along with Biomedical drive upside to estimates. The liquefaction related E&C project outlook also appears to be improving as LNG demand from China supports a growing number of global liquefaction projects. We expect mgmt's tone to remain positive regarding E&C projects and expect that along with any movement in E&C orders & backlog to potentially move shares higher." Piper Jaffray maintains a $44 PT on GTLS. At the time of posting, shares of GTLS were trading at $39.77, down 2.52% from Friday's close.