Maxim analyst Tate Sullivan raised the firm’s price target on StealthGas (GASS) to $14 from $10 and keeps a Buy rating on the shares. The firm is adjusting its estimates based on higher long-term liquefied petroleum gas shipping rates, independent of unpredictable near-term military events in the Middle East, the analyst tells investors in a research note. Middle East military engagements shifts LPG trade routes and should increase demand for gas carriers, the firm added.
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