UPDATE: D.A. Davidson Reiterates On Chart Industries On Mixed Prospects

In a report published Monday, D.A. Davidson analyst Tristan Richardson reiterated a Neutral rating on Chart Industries (NASDAQ: GTLS), but lowered the price target from $74.00 to $50.00.

In the report, D.A. Davidson noted, “As global macro concerns have emerged over the past several weeks, firms participating in the LNG sector have noted market uncertainty around the timing of orders, particularly in Eastern Europe and China. With approximately a third or more of D&S segment revenue from LNG-related activity in China, these concerns could weigh on prospects.”

Chart Industries closed on Friday at $43.26.