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Fly News Breaks for September 17, 2019
TELL
Sep 17, 2019 | 20:44 EDT
As previously reported, Evercore ISI initiated Tellurian with an Outperform rating and a price target of $14. The analyst cites the company's plan to "fully integrate the business model to include upstream natural gas reserves and a proprietary pipeline network to bring cost-advantaged gas directly to its liquefaction terminal." Evercore anticipates that investment decision to occur some time in Q1 of 2020 and believes it may serve as a "material catalyst" toward a positive equity valuation re-rating.
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