UPDATE: Dahlman Rose Upgrades ANW to Buy
According to Dahlman Rose, Aegean Marine Petroleum Network (NYSE: ANW) is upgraded to Buy.
Dahlman Rose said that it is upgrading ANW to Buy from Hold following its 3Q11 results, which showed a continued improvement in overall operations. “ANW generated EBITDA of $21.3MM, higher than the previous four-quarter average of $13.9MM and the highest since the first half of 2010.”
Aegean Marine Petroleum Network closed yesterday at $5.23.
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