Idea-
StealthGas initiated with a Buy at Maxim 08:00 GASS Maxim analyst Tate Sullivan initiated coverage of StealthGas with a Buy rating and $7 price target. The company's fleet of smaller liquefied petroleum gas carriers will continue to generate consistent cash flow and serve to increase return on equity based on more regional seaborne transportation of LPG and resilient demand for propane as a cooking and heating fuel, the analyst tells investors in a research note. Sullivan adds that in light of shipyards outside of China being full until 2025 - based on the review of recent newbuild order timelines - he does not expect meaningful downside in StealthGas shipping rates from new supply.///
GASS- $2.79
Has a double top at $4.09<------
StealthGas initiated with a Buy at Maxim 08:00 GASS Maxim analyst Tate Sullivan initiated coverage of StealthGas with a Buy rating and $7 price target. The company's fleet of smaller liquefied petroleum gas carriers will continue to generate consistent cash flow and serve to increase return on equity based on more regional seaborne transportation of LPG and resilient demand for propane as a cooking and heating fuel, the analyst tells investors in a research note. Sullivan adds that in light of shipyards outside of China being full until 2025 - based on the review of recent newbuild order timelines - he does not expect meaningful downside in StealthGas shipping rates from new supply.///
GASS- $2.79
Has a double top at $4.09<------