Jefferies has added Tor Olav Troim’s Golar LNG to its Franchise Picks list amid the belief the shares have significant upside.
Analysts led by Randy Giveans suggest Golar shares could be worth at least $40 each given its recent run of positive news. Golar stock last traded at $28.42 each.
Giveans says the rapidly improving LNG shipping market and imminent partial dropdown of the Hilli FLNG project to Golar LNG Partners will assist the company’s market value.
