DHT Holdings downgraded to Hold from Buy at Stifel

Stifel downgraded DHT Holdings to Hold from Buy with an unchanged price target of $11. There has already been some seasonal improvement for dry bulk and tankers thus far in Q4, and the markets should remain well-balanced, although with seasonality, the analyst tells investors in a research note. The firm expects containers to continue to struggle. Stifel believes the crude names look fairly valued, and downgraded DHT to Hold on that basis.