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UPDATE: DNB Markets Reiterates Buy Rating, Lowers PT on Golar LNG Limited

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In a report published Friday, DNB Markets reiterated its Buy rating on Golar LNG Limited (NASDAQ: GLNG), but lowered its price target from $49.00 to $46.00.

DNB Markets noted, “We have cut our estimates and target price on our lowered freight rate curve, which reflects a weak start to the winter season and Golar Maria's disappointing five-year contract. We see several triggers over the next nine months that will push rates higher. No change to already conservative dividends.”

Golar LNG Limited closed on Thursday at $39.10.

Latest Ratings for GLNG

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

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Posted-In: DNB MarketsAnalyst Color Price Target Analyst Ratings

 

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