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Fly News Breaks for February 12, 2018
NVGS
Feb 12, 2018 | 07:18 EDT
As previously reported, Morgan Stanley analyst Fotis Giannakoulis upgraded Navigator Holdings to Equal Weight from Underweight and increased his price target on the stock to $12.50 from $8 citing improving gas trade fundamentals. Giannakoulis expects the freight rates for LPG and petchem gases strengthen the next three years driven by higher U.S. exports, strong Asian retail demand and a slowdown in fleet supply growth, he tells investors.
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