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Fly News Breaks for February 21, 2017
GLOG
Feb 21, 2017 | 08:29 EDT
Seaport Global analyst Magnus Fyhr upgraded GasLog to Buy and raised its price target to $23 from $18 saying shares are down 10% in the past month and there are further signs of a recovery underway in the LNG shipping market. Based on recent positive developments in the spot market, Fyhr believes the LNG shipping market is in the early stages of a multi-year recovery that should result in a balanced shipping market in 2018.
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