Maxim analyst Tate Sullivan raised the firm’s price target on StealthGas to $8 from $7 and keeps a Buy rating on the shares. The analyst cites the company’s better than expected Q2 results while updating estimates to reflect the latest buybacks, ship sales, and newbuild deliveries. Maxim is increasing its time charter equivalent, or TCE, estimate to $9,563 for Q3, up 3% from last year’s levels, while reducing the company’s revenue forecast due to the sale of two ships, the firm added.
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