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Fly News Breaks for August 28, 2015
GMLP
Aug 28, 2015 | 07:50 EDT
After Golar LNG reported higher than expected EPS but lower than expected revenue, Stifel says that its distributions are "still well protected," and the firm remains upbeat on the FSRU market. The firm notes that the units trade at a 12.9% yield, and it thinks that the optionality from the increased exposure to FLNG and FSRU presents a compelling opportunity. It lowered its price target on the units to $29 from $33 but keeps a Buy rating.
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