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Fly News Breaks for January 22, 2019
GLOG
Jan 22, 2019 | 07:40 EDT
As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded GasLog to Equal Weight from Overweight following the recent outperformance of the stock. He also cites his moderating post-2020 outlook for LNG shipping due to the growing order book and lower energy price forecast. Giannakoulis, who still views GasLog as the best run LNG shipping operator and sees it having the ability to outgrow peers, lowered his price target on the stock to $20 from $22.
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