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 (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.
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