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Fly News Breaks for June 27, 2018
GMLP, GLNG
Jun 27, 2018 | 08:17 EDT
Jefferies analyst Randy Giveans added Golar LNG (GLNG) to the firm's Franchise Picks list citing the rapidly improving LNG shipping market and the upcoming partial dropdown of the Hilli FLNG project to Golar LNG Partners (GMLP), which he views as likely only days away. The project, which marks the first successful conversion of an LNG carrier to an FLNG vessel, is a "significant milestone" and Golar LNG has several other catalysts on the horizon, Giveans tells investors. He has a $40 price target on Golar LNG shares.
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