01:10 PM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target of $210, in line with the agreed offer price from Baker Hughs ($48 *****). GTLS reported Q3 sales growth of 3.6% with operating EPS of $2.78 missing consensus of $3.12, even adjusting for the FLS early termination fee. Despite modest revenue growth, GTLS posted record quarterly orders of $1.68B (+43.9% Y/Y) and backlog reached $6.05B (+33.4% Y/Y), providing strong revenue visibility. Strong commercial momentum was broad-based, with Heat Transfer Systems orders surging 79.1% and Specialty Products orders up 84.4%, driven by strength in LNG, data centers, carbon capture, nuclear, and mining end markets. GTLS maintained record gross margin of 34.1% and achieved adjusted operating margin of 22.9% (+70 bps Y/Y), though this was underwhelming versus consensus expectations. Heat Transfer Systems was a standout performer, with the adjusted operating margin expanding 1,010 bps to 34.6%.