Danske Bank bullish on growing Flex LNG

Danske Bank has initiated coverage of John Fredriksen’s Flex LNG with a buy rating amid expectations of growth, dividends and rising profitability.

Analyst Anders Karlsen placed a NOK 17.5 target price on the Oslo-listed company.

“With a fleet of modern LNG carriers and a growing presence in the LNG market, Flex LNG is placed to benefit from recent market improvements,” he said.