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Fly News Breaks for November 2, 2018
GLNG
Nov 2, 2018 | 08:52 EDT
Jefferies analyst Randy Giveans says that despite the recent rally, Golar LNG shares should improve further in the near term with the company set to report stronger than expected Q3 earnings on Monday and give bullish guidance for Q4. Headline liquefied natural gas shipping rates at multi-year highs is already well-known but, more importantly, utilization rates are also hitting multi-year highs with very few prompt vessels available, Giveans tells investors in a pre-earnings research note titled "Recent Rally Is Nice, But The Best Is Yet To Come; Reiterate Buy And $40 PT." He keeps a Buy rating on Golar LNG with a $40 price target.
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