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Golar raised to buy

Shares of Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, erased losses after Dahlman Rose & Co. raised its rating to “buy” from “hold,” saying demand will grow three times faster than the fleet.Shares will climb 22 percent to $50 in 12 months from 243.2 kroner ($41), Omar Nokta, an analyst at the New York-based investment bank, said yesterday in an e-mailed report, Bloomberg reported.Golar has two LNG vessels becoming available this year and seven new ships arriving in 2013-14, positioning the Bermuda-based company to take advantage of a tight market, Nokta said.