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Fly News Breaks for January 3, 2017
PBR, GMLP
Jan 3, 2017 | 07:12 EDT
As noted earlier, Stifel downgraded Golar LNG Partners to Hold from Buy. Analyst Benjamin Nolan says that the stock's 9.6% yield is now appropriate for the increased re-contracting risk the company faces. He notes that it announced the early re-delivery of one of its floating regasification units from Petrobras (PBR) in mid-2017 and the roll over of three LNG carriers this year. Target to $23 from $24.
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