Stifel analyst Benjamin Nolan upgraded Euronav NV to Buy from Hold with a price target of $14, up from $10.25. The analyst sees a "valuation disparity" between Euronav and the crude tanker peer group. Despite the stock's recent strength, the shares still trade at a 12% discount to net asset value, versus the peer group at a 1% premium, Nolan tells investors in a research note. Further, the analyst expects Euronav's net asset value to grow by 25% through net income over the next six months. He expects the "value gap to close" as IMO 2020 focus fades among investors.