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Fly News Breaks for September 24, 2019
GMLP, GLNG
Sep 24, 2019 | 07:54 EDT
B. Riley FBR analyst Liam Burke lowered his price target for Golar LNG Limited to $21 from $30 to reflect the current price of Golar LNG Partners (GMLP) partnership units as well as a lower value for the fleet assets due to continued challenges in the liquefied natural gas carrier spot rate market. The analyst, however, continues to recommend the purchase of Golar LNG Limited shares saying its portfolio of assets that position the company as a key provider of the global infrastructure to drive the increased worldwide penetration of LNG. He reiterates a Buy rating on the shares.
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