Dahlman Rose Upgrades Aegean Marine Petroleum Network (ANW) to Buy; Increasingly Efficient Operations

Dahlman Rose upgraded Aegean Marine Petroleum Network (NYSE: ANW) from Hold to Buy with a price target of $9.00.

Dahlman analyst says, "We are upgrading ANW following its 3Q11 results, which showed a continued improvement in overall operations. EBITDA, the EBITDA margin, the gross spread, and the net realized margin all reached 4- to 5-quarter highs."

For an analyst ratings summary and ratings history on Aegean Marine Petroleum Network click here. For more ratings news on Aegean Marine Petroleum Network click here.

Shares of Aegean Marine Petroleum Network closed at $5.23 yesterday, with a 52 week range of $3.19-$17.20.

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