Zacks Investment Research upgraded shares of TEEKAY LNG PTNR (TGP) from NEUTRAL to OUTPERFORM on October 01, 2012, with a target price of $45.50.
Teekay LNG Partners L.P. is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector. Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services under long-term, fixed-rate contracts with major energy and utility companies through its fleet of seven LNG carriers and five Suezmax class crude oil tankers.
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