Wells Fargo Securities has launched coverage of DHT Holdings with a market perform rating amid a cautious view of the crude tanker market.
Analysts led by Mike Webber placed a $5 to $6 per share value on the New York-listed shipowner.
Webber has taken up coverage of DHT at a time when he sees asset values, sentiment and earnings for crude tankers bottoming and the period of market weakness dictated by the rate of inventory destocking.
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