UPDATE: Jefferies Initiates Golar LNG with Buy on Exposure to Increasing Demand
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
|Aug 2015||Stifel Nicolaus||Upgrades||Hold||Buy|
|Jul 2015||GMP Securities||Upgrades||Hold||Buy|
|Jul 2015||GMP Securities||Initiates Coverage on||Hold|
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