StealthGas (GASS +3.6%) is initiated with a Buy rating and $14 price target at Deutsche Bank,...

|By:, SA News Editor

StealthGas (GASS +3.6%) is initiated with a Buy rating and $14 price target at Deutsche Bank, which likes GASS' niche in the Handysize liquefied petroleum gas market as one of the few sectors of shipping with strong demand fundamentals and modest fleet expansion. Demand will be driven primarily by increased LPG exports in the Middle East and oncoming U.S. exports.