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UPDATE: Jefferies Initiates Golar LNG with Buy on Exposure to Increasing Demand

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Jefferies initiated coverage on Golar LNG (NASDAQ: GLNG) with a Buy rating and a $50 price target.

Jefferies commented, "We are initiating coverage of GLNG shares with a Buy rating and 12-month price target of $50 as we believe the company is very well positioned to take advantage of the continuous increasing demand for LNG shipping with its combination of spot market exposure, short-term time charter contract duration, and uncommitted newbuilding vessels."

Golar LNG closed at $39.34 on Thursday.

Latest Ratings for GLNG

DateFirmActionFromTo
May 2016Credit SuisseUpgradesNeutralOutperform
Apr 2016DNB MarketsDowngradesBuyHold
Apr 2016JefferiesUpgradesHoldBuy

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Posted-In: JefferiesAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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