STEALTHGAS INC. Reports First Quarter 2016 Financial and Operating Results

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Jefferies Raises Price Target on StealthGas (GASS) to $8; Reiterates Buy

May 26, 2016 10:46 AM EDT

Jefferies maintained a Buy rating on StealthGas (NASDAQ: GASS), and raised the price target to $8.00 (from $7.00), following the company's 1Q earnings report. GASS reported adjusted EPS of $0.01, below the Street's consensus estimate but in-line with Jefferies' estimate.

Analyst Douglas Mavrinac commented, "This morning,... More