Golar LNG has been upgraded to a “buy” recommendation by Fearnley Securities.
Analysts Fredrik Dybwad and Nils Thommesen raised the target share price to $42 from $41.
They upgraded the stock based on a “more favourable valuation”.
Golar’s stock has fallen 20% since the peak in January, and at the close in New York yesterday the share price was $35.04.
