Fly News Breaks for September 20, 2019
GLNG
Sep 20, 2019 | 06:39 EDT
Morgan Stanley analyst Devin McDermott assumed coverage of Golar LNG with an Overweight rating and $17 price target. The company's business model benefits from abundant low cost and stranded natural gas globally as well as the "rapidly growing demand" for liquefied natural gas and electricity, McDermott tells investors in a research note. He believes Golar LNG's FLNG business offers a "compelling" stranded gas solution.
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