Jefferies Starts Teekay LNG Partners (TGP) at Hold

September 13, 2016 6:59 AM EDT
Get Alerts TGP Hot Sheet
Price: $16.50 +3.77%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies initiates coverage on Teekay LNG Partners (NYSE: TGP) with a Hold rating and a price target of $16.00.

Analyst Randy Giveans commented, "We are initiating coverage of the LNG shipping Master Limited Partnership group with a bullish view due to the improving industry fundamentals with LNG shipping demand growth set to outpace LNG shipping supply growth through at least 2020, very attractive risk/reward dynamics relative to the midstream MLP space, and potential for continued fleet expansion and annual distribution growth in the coming years."

For an analyst ratings summary and ratings history on Teekay LNG Partners click here. For more ratings news on Teekay LNG Partners click here.

Shares of Teekay LNG Partners closed at $14.83 yesterday.

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