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Fly News Breaks for August 3, 2016
ASC
Aug 3, 2016 | 07:26 EDT
Stifel analyst Benjamin Nolan believes that Ardmore reported "blowout" Q2 results due to better than expected rates on its MR product and chemical tankers. He thinks that the company's chemical chartering business should boost it in the shorter term ,while it will benefit from "a strong rally" in the product tanker market over the longer term. Nolan keeps a Buy rating on the shares.
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