Jefferies upgraded Dorian LPG to Buy from Hold with a price target of $50, up from $37. The recent Panama Canal restrictions change the company’s outlook considerably, tightening very large gas carrier capacity and raising both spot and forward charter rates, the analyst tells investors in a research note. The sector is already underpinned by strong U.S. liquids export growth, which is likely to continue next year, says the firm.
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Read More on LPG:
- Dorian LPG reports Q2 adjusted EPS $1.85, consensus $1.80
- Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2024 Financial Results
- Dorian LPG downgraded to Hold from Buy at Fearnley
- Dorian LPG upgraded to Buy from Hold at Pareto
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