UPDATE: Goldman Sachs Upgrades Golar LNG Ltd. (GLNG) to Neutral

(Updated - July 5, 2013 10:36 AM EDT)

Goldman Sachs upgraded Golar LNG Ltd. (NASDAQ: GLNG) from Sell to Neutral with a price target of $32.50 (unchanged). The upgrade follow recent underperformance.

"We continue to view Golar LNG as most exposed to a softer rate environment in LNG shipping as new vessel supply significantly outpaces shipping demand between 2013 and 2015," said analyst Nick Edelman.

"With 5% upside potential implied by our price target, we believe lower charter rate expectations are now largely priced in."

For an analyst ratings summary and ratings history on Golar LNG Ltd. (NASDAQ: GLNG) click here. For more ratings news on Golar LNG Ltd. click here.

Shares of Golar LNG Ltd. closed at $30.91 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Kepler Cheuvreux Upgrades Entain PLC (ENT:LN) (GMVHF) to Buy
• BTIG Upgrades Tidewater Inc (TDW) to Buy, 'Increasing Activity Set To Push Dayrates Higher in Key Basins'
• Science Applications (SAIC) PT Raised to $123 at UBS