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Fly News Breaks for July 25, 2019
NVGS
Jul 25, 2019 | 08:23 EDT
As previously reported, Wells Fargo analyst Michael Webber upgraded Navigator Holdings to Outperform from Market Perform and raised his price target on the shares to $15 from $13.50. The analyst notes that LPG carrier supply/demand dynamics continue to tighten after gradually shaking off the sector's 2013-2015 overbuild, with firming day rates, cash flow, and asset values creating compelling value propositions for long haul players, and specialized mid-sized players alike.
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