Jefferies analyst Omar Nokta downgraded Dorian LPG to Hold from Buy with an unchanged price target of $30. The analyst cites valuation for the downgrade with the shares up 63% year-to-date. The firm views Dorian favorably but believes further upside is limited.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LPG:
- Dorian LPG reports Q1 adjusted EPS $1.21, consensus $1.63
- Dorian LPG Ltd. Announces First Quarter Fiscal Year 2024 Financial Results
- Dorian LPG reports irregular cash dividend of $1.00 per share
- Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share, Provides Update for First Quarter 2024 and Announces First Quarter 2024 Earnings and Conference Call Date
- Dorian LPG downgraded to Hold from Buy at DNB Markets