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Fly News Breaks for May 13, 2019
GLNG
May 13, 2019 | 08:02 EDT
Jefferies analyst Randy Giveans tells investors to go long shares of Golar LNG following the stock's recent underperformance. Golar LNG is trading at a three-year low despite positive news, an attractive industry outlook, and affirmative management guidance regarding new projects, Giveans tells investors in a research note. He believes the shares are trading at a price that does not reflect the true value of Golar LNG based on his sum-of-the-parts valuation. The analyst keeps a Buy rating on the shares with a $35 price target.
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