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Fly News Breaks for January 22, 2019
TGP
Jan 22, 2019 | 07:33 EDT
As previously reported, Morgan Stanley analyst Fotis Giannakoulis upgraded Teekay LNG to Overweight from Equal Weight following the recent selloff, stating that he believes prior consensus distribution expectations were "too lofty," but he now believes consensus estimates are on the low side following revisions lower. After the stock lost 45% of its value in 2018, the risks are now are skewed to the upside, contends Giannakoulis, who lowered his price target on Teekay LNG shares to $16 from $17.50.
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