StealthGas (GASS +4%) is initiated with a Buy rating and $10 price target at Global Hunter,...

|By:, SA News Editor

StealthGas (GASS +4%) is initiated with a Buy rating and $10 price target at Global Hunter, which likes GASS' niche as an operator of small liquid petroleum gas vessels, which the firm thinks has an attractive supply/demand outlook. GASS' higher charter coverage and strong balance sheet should support continued fleet growth and modernization, the firm says.