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Fly News Breaks for March 10, 2015
GLNG
Mar 10, 2015 | 06:18 EDT
Citigroup lowered its price target for Golar LNG Limited shares to $44 from $66 but keeps a Buy rating on the name. Citi believes investors require a higher risk premium in the stock now with LNG oversupply implying project delays. Its energy team now expects an excess supply of 25 mt in 2018, with LNG supply/demand balancing in 2021. It believes the current risks are reflected in Golar LNG shares, however.
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