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Fly News Breaks for June 13, 2017
GLOG
Jun 13, 2017 | 07:30 EDT
As previously reported, Morgan Stanley upgraded GasLog to Overweight from Equal Weight and raised its price target to $17 from $16.50. Analyst Fotis Giannakoulis said the balance sheet has been significantly strengthened following recent enhancements, removing uncertainty regarding its liquidity position. The analyst said shares are pricing in near-term weakness and have limited downside and expects GasLog to benefit from tightening in the LNG shipping market.
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