Chart Industries (GTLS) Message Board

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Gold/Mining/Energy : Chart Industries (GTLS)

GTLS 199.38

-0.2%

3:59 PM EDT

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From: JakeStraw	6/20/2007 10:28:03 AM
	of 19

Out of the Gate: Chart Industries Rises biz.yahoo.com Wednesday June 20, 10:22 am ET Chart Industries Peaks After Upgrade by Morgan Stanley Analyst on Improving Prices NEW YORK (AP) -- Shares of Chart Industries Inc., which makes equipment used to produce and store gases, climbed to an all-time high Wednesday after a Morgan Stanley analyst upgraded the company, saying prices in the industry will improve. Ole Slorer upgraded the stock to "Overweight," or "Buy," from "Equal-weight," or "Neutral," and increased his target price to $38 per share from $23.50. He said the stock is "relatively undervalued" compared to competitors, and expects shares to rise 53.7 percent over the next year. "Evidence showing expanding lead times for delivery of key natural gas infrastructure equipment like compressors and heat exchangers suggests improved pricing power for equipment suppliers like Dresser-Rand Group Inc. and Chart Industries," Slorer said. Since early October, Dresser-Rand shares have more than doubled in value. Slorer said Chart could be "next in line" for similar gains.

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