Citigroup Reinstates Neutral on Golar LNG, Announces $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christian Wetherbee has reinstated Golar LNG (NASDAQ:GLNG) with a Neutral rating and announced a $27 price target.
September 25, 2023 | 10:35 am
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NEUTRAL IMPACT
Citigroup's analyst has reinstated a Neutral rating on Golar LNG, which may influence investor sentiment towards Citigroup.
As the issuer of the rating, Citigroup's reputation in the market could be influenced by the performance of Golar LNG following this rating. However, as a large multinational bank, this single rating is unlikely to have a significant impact on Citigroup's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Golar LNG has been reinstated with a Neutral rating and a $27 price target by Citigroup, which could influence investor sentiment.
The reinstatement of the Neutral rating and the announcement of a $27 price target by Citigroup could influence investor sentiment towards Golar LNG. However, the Neutral rating suggests that the stock is neither overvalued nor undervalued, which may not lead to significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100