PetroLogistics (PDH) is initiated with a Buy rating and a $16 price target at Dahlman Rose,...

|About: PetroLogistics LP (PDH)|By:, SA News Editor

PetroLogistics (PDH) is initiated with a Buy rating and a $16 price target at Dahlman Rose, which sees PDH as a "pioneer" in the trend toward on-purpose production of feedstock chemicals. At the same time, the firm expects the propane/propylene spread to widen as a result of supply compression and improving demand.