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Fly News Breaks for December 18, 2015
TGP
Dec 18, 2015 | 07:46 EDT
JPMorgan analyst Noah Parquette says the 53% selloff in shares of Teekay LNG following the company's 80% dividend cut announcement Wednesday night is overdone. The stock still has long-term value given the company's "substantial and attractive capital program," Parquette tells investors in a research note. He lowered his price target for Teekay LNG to $21 from $37 and keeps an Overweight rating on the stock.
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