UPDATE: Jefferies Initiates StealthGas with Buy on Attractive Fundamentals/Position

In a report published Friday, Jefferies analyst Douglas J. Mavrinac initiated coverage on StealthGas

with a Buy rating and $15.00 price target. In the report, Mavrinac noted, “We are initiating on GASS shares with a Buy rating and a 12-month price target of $15 based on the attractive fundamentals of the LPG shipping industry and StealthGas' attractive position within the industry including the Company's leading market share in the small pressurized segment, attractive time charter contract profile, and relatively strong balance sheet.” StealthGas closed on Thursday at $10.93.