Pareto Securities on Monday downgraded the LNG-carrier owner’s New York-quoted stock to “hold” from “buy” and cut its price target to $28.00, which represents a reduction of $2.00.
In a client briefing the firm noted shares have risen by approximately 50% since the start of 2014 but was quick to point out that, more recently, the operator has started to underperform its peers and the broader market.
Pareto
