Wells Fargo Downgrades BW LPG Ltd. (BWLPG) to Market Perform

Wells Fargo downgraded BW LPG Ltd. (OTC: BWLPG) from Outperform to Market Perform.

Analyst Michael Webber said, "On the back of that shift in dividend policy (below) we’re lowering our valuation range to Kr 50-60 (from Kr 60-70) and downgrading our rating to Market Perform from Outperform as the significant 2016 VLGC orderbook (+20% supply growth) appears set force long-haul LPG rates to buckle, with an inflection point for utilization in H116."

For an analyst ratings summary and ratings history on BW LPG Ltd. click here. For more ratings news on BW LPG Ltd. click here.

Shares of BW LPG Ltd. closed at $ yesterday.

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