Fearnley Securities has upgraded shares in the two largest VLGC owners listed in Oslo.
Analysts at the finance house have raised BW LPG and Avance Gas from reduce to accumulate.
Jonathan Staubo, Peder Nicolai Jarlsby and Espen Landmark Fjermestad explain: “We consider the risk on the upside for Avance and BW LPG in the short term given recent weak share performance.
