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Baker Hughes raised its full-year guidance to reflect its acquisition of Chart Industries, now expecting FY 2026 revenue of $28.5B-$30.3B and adjusted EBITDA of $4.875B-$5.475B.

While Chart’s GTLS third-quarter results were weaker than we expected, we think the market’s 20% shellacking of the stock as of this writing is well overdone. After updating our model, we reaffirm our ...