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Fly News Breaks for June 16, 2017
LPG
Jun 16, 2017 | 07:17 EDT
UBS analyst Spiro Dounis lowered his price target on Dorian LPG to $8.00 from $12.50 to reflect its lower NAV due to lower vessel values and multiple compression. The analyst noted vessel supply remains robust but the lack of ordering new vessels keeps the recovery possible. Dounis maintained his Buy rating on Dorian LPG shares.
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