Navigator Holdings initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Chris Robertson initiated coverage of Navigator Holdings (NVGS) with a Buy rating and $24 price target which offers 45% upside. Navigator specializes in the seaborne transportation of liquefied petroleum gases, ammonia, ethylene, and ethane, the analyst tells investors in a research note. The firm believes the liquefied petroleum gas carrier market will be supported by increased demand for the transportation of LPG commodities and products. Deutsche thinks this will allow Navigator to steadily increase its dividend, pursue share repurchases, and continue to invest in its fleet.