Ardmore Shipping price target raised to $24 from $22 at Stifel

Stifel analyst Benjamin Nolan raised the firm’s price target on Ardmore Shipping to $24 from $22 and keeps a Buy rating on the shares. Shipping markets continue to be “reasonably solid across the board” as demand is “healthy, if not robust,” while supply growth has generally been limited, the analyst tells investors in a Q2 shipping group preview.