Wells Fargo Starts StealthGas (GASS) at Outperform

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June 18, 2013 8:10 AM EDT
Get Alerts GASS Hot Sheet
Price: $8.86 --0%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 21 | New: 35
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Wells Fargo initiated coverage on StealthGas (NASDAQ: GASS) with an Outperform rating and a price target of $14-$15.

Analyst Michael Webber said, "We view GASS's risk/reward profile as positive given firm long-term (LT) LPG fundamentals and its leading share in an under-supplied, niche market . . . Given LPG demand is a natural extension of prominent U.S. centric energy themes (increasing shale oil/gas production), we believe GASS, and the LPG space in general, should see more of the spotlight moving forward."

For an analyst ratings summary and ratings history on StealthGas click here. For more ratings news on StealthGas click here.

Shares of StealthGas closed at $10.85 yesterday.

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