BTIG raised the firm’s price target on DHT Holdings (DHT) to $18 from $16 and keeps a Buy rating on the shares as part of a broader research note on Crude and Product Tanker names. Crude tanker spot rates have surprised to the upside with average VLCC – Very Large Crude Carrier – spot rates averaging $100K YTD, which is up almost 2-times versus the same period last year, the analyst tells investors in a research note.
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