Stifel financial analysts have revised their price target for Chart Industries (GTLS, Financial), reducing it from $231 to $214 while retaining their Buy rating on the stock. This adjustment comes amidst predictions of a surge in liquefied natural gas (LNG) supply over the next two years, which is expected to drive down LNG prices.
Despite the anticipated decrease in LNG prices, the U.S. regulatory environment has sparked a significant amount of activity in the sector, according to the firm’s analyst. This is expected to lead to multiple U.S. LNG projects reaching final investment decisions within the next six to twelve months. Such developments could have substantial implications for Chart Industries and its financial prospects moving forward.
