Pareto Securities has upgraded shares in Dorian LPG following a slide in the stock from its winter peak.
Analysts Eirik Haavaldsen and Oystein Dalby raised the owner from sell to hold today, suggesting earlier peaks had been premature.
“We still see a potential liquidity risk near term if VLGC rates stay at current levels for the majority of this year – but emphasize that overall leverage in Dorian is not excessive,” the analysts wrote.
“With
