Latest news with #ChartIndustriesInc
Yahoo
11 hours ago
- Business
- Yahoo
UBS Backs Chart Industries (GTLS) as Merger Creates Diversified Flow Tech Powerhouse
Chart Industries Inc. (NYSE:GTLS) is one of the 10 most undervalued industrial stocks to buy according to analysts. On June 4, UBS analyst Manav Gupta maintained a Buy rating on Chart Industries today and set a price target of $225, implying a 40% potential upside. The analyst's affirmation follows the announcement of the all-stock merger agreement between Chart Industries and Flowserve, which will form a new industrial player valued at around $19 billion. The deal is expected to close by the end of Q4 2025, pending shareholder and regulatory approvals. A Control Valve Controlling the Flow of Gas from its Pipeline. The merger brings together Flowserve's flow control capabilities and Chart's process technology expertise, forming a diversified business spanning energy, water, industrial gases, chemicals, and data centers. The combined company will have a presence in more than 50 countries. The deal is expected to yield $300 million in cost synergies over the next three years and contribute to adjusted earnings per share (EPS) within the first year. The company will also maintain Flowserve's existing dividend policy. A June 4 Bloomberg report noted that the two companies view the merger as a means to navigate demand cycles better and serve a broader customer base. However, the report points out that mergers of this size don't happen often, mainly because they can be difficult to pull off, whether due to cultural differences, challenges in combining operations, or unclear strategic fit. The deal's success will depend largely on how well it's executed. Chart Industries Inc. (NYSE:GTLS) is a global leader in the design, engineering, and manufacturing of process technologies and equipment used across the gas and liquid molecule supply chain. Its solutions support the production, storage, distribution, and end-use of atmospheric, hydrocarbon, and industrial gases, serving industries such as energy, industrial gas, and medical. While we acknowledge the potential of GTLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and . Disclosure: None. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
05-06-2025
- Business
- Yahoo
Industrial tech firms Chart Industries, Flowserve set for all-stock merger
-- Industrial-process technology firms Chart Industries Inc (NYSE:GTLS) and Flowserve Corporation (NYSE:FLS), are on the brink of finalizing an all-stock merger, according to a Wall Street Journal report on Wednesday. The combined entity would be worth roughly $19 billion, including debt, the report said, citing people familiar with the matter. Shares of Chart Industries fell about 2% in pre-market trading, while Flowserve gained over 1%. Under the terms of the merger, Chart Industries shareholders will receive 3.165 shares of Flowserve common stock for every share of Chart common stock they own, the report added. After the completion of the transaction, Chart Industries shareholders will own a majority stake of 53.5% in the combined entity, with Flowserve shareholders holding the remaining 46.5%, according to the Journal. The deal, which is expected to be announced as early as Wednesday. Related articles Industrial tech firms Chart Industries, Flowserve set for all-stock merger UBS upgrades Snowflake on signs of sustained data infrastructure investment Any near-term weakness in S&P 500 would provide a 'buy the dip' opportunity: JPM Sign in to access your portfolio
