Clarkson Platou Securities upgraded its rating on shares of Avance Gas while Arctic Securities signalled it could cut its expectations for the LPG carrier sector as a whole.
The divided opinions came after Oslo-listed Avance reported worse-than-expected fourth-quarter earnings and shocked the market with a dividend cut.
Clarkson Platou’s Frode Morkedal hiked his rating on Avance’s shares to “buy” from “neutral” as he declared that its valuation is “too attractive to ignore”.
“Although
