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

In a report published Friday, DNB Markets reiterated its Buy rating on Golar LNG Limited 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.