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Fly News Breaks for November 11, 2019
GLOG
Nov 11, 2019 | 09:21 EDT
BTIG analyst Gregory Lewis lowers his price target on GasLog to $16 after its Q3 earnings miss last week, but recommends that investors buy into the weakness with expectations being reset and the stock down over 20% since reporting results. The analyst is keeping his Buy rating while noting that the stock is now trading at about a 10% discount to his net asset value estimate, with about $47-$48M remaining on their current $50M share buyback program.
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