DNB Markets upgraded Dorian LPG to Buy from Hold with a price target of $52, up from $48.10. Due to “solid” U.S. production and exports, the firm expects the “robust” VLGC freight market to persist and sees upside potential to its $45,000/day spot rate for the next four quarters, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPG: