Pareto raises BW LPG as takeover talk swirls

Pareto Securities has upgraded shares in VLGC owner BW LPG with the shipowner tipped to grow in a loss-making market through 2017.

Analysts Eirik Haavaldsen and Oystein Dalby simultaneously downgraded Aurora LPG, which is a likely target for the market leader BW.

It came as Pareto lowered its rate expectations for the formerly booming market, while cautioning it does not face the same level of distress as the dry cargo sector.