Jefferies Upgrades Dorian LPG to Buy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta upgraded Dorian LPG (NYSE:LPG) from Hold to Buy and increased the price target from $37 to $50.
November 20, 2023 | 9:08 am
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POSITIVE IMPACT
Jefferies upgraded Dorian LPG from Hold to Buy and raised the price target to $50, indicating a positive outlook on the stock.
Upgrades by analysts, especially with a significant increase in price target, typically lead to a positive short-term reaction in the stock price as it reflects a stronger confidence in the company's future performance and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100