BofA analyst Cameron Lochridge initiated coverage of New Fortress Energy with a Buy rating and $67 price target. The analyst sees "meaningful upside" to consensus estimates for the company given its "significant" LNG supply position and favorable commodity price environment. BofA also believe that New Fortress Energy’s FLNG offers further upside to earnings on combination of open market volume sales and "enhanced downstream supply economics".
Published first on TheFly
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