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Fly News Breaks for August 21, 2015
NVGS
Aug 21, 2015 | 07:32 EDT
Stifel says that investors are assuming that low oil prices hurt demand for Navigator's LPG. However, the firm says that the low prices have actually boosted LPG demand. It says that Nvvigator remains a market leader in the LPG space, while its shares are down 28% this year even though the company's business has performed well. Stifel keeps a $28 price target and Buy rating on the shares.
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